Global non-fungible token (NFT) sales saw a decline of 21% this week, dropping to just over $100 million across 21 different blockchains. Despite the decrease, there was a significant increase in both buyers and sellers in the NFT market. Ethereum led the way with $38.46 million in sales, followed by Polygon with $19.92 million and Bitcoin with $17,590,362.
Solana’s sales totaled $14.37 million, Mythos saw $4.61 million in sales, and ethereum’s Cryptopunks collection generated $4.98 million, marking a 171.29% increase from the previous week. Other standout collections included Mythos’ Dmarket with $4.36 million in sales and Ethereum’s Pudgy Penguins with $3,672,328 in sales. Bored Ape Yacht Club (BAYC) also saw an increase in sales, reaching $3.57 million.
The most expensive NFT sold this week was Cryptopunk #5,569, which went for $204,066. Bitcoin’s NFT sales were lower this week, but the cryptocurrency has now surpassed Ronin to become the third largest in all-time NFT sales, totaling $4.3 billion. To overtake Solana, Bitcoin would need approximately $1.3 billion more in sales.
Despite the overall drop in NFT sales, individual collections like Cryptopunks and Pudgy Penguins saw significant increases. As the NFT market continues to evolve, it will be interesting to see how different collections perform and how the overall market trends in the coming weeks. Let us know your thoughts on this week’s NFT sales in the comment section below.
