Overall NFT Sales Decline Amid Major Swings in Top Collections

• According to DappRadar statistics, NFT market sales for the last week came to $74.86M.
• With sales of $5.39 million, an increase of 9.45%, Cryptopunks topped the charts.

Another decline in NFT market sales occurred during the last week, with a decline of 7.91% from the prior week. Both the number of buyers and sellers saw significant drops; the former fell by 73.46 percent and the latter by 61.18 percent from the previous week.

According to DappRadar statistics, NFT market sales for the last week came to $74.86 million, which is a decrease of 7.91% from the previous week. Although sales of NFTs based on Ethereum fell by 9.73%, Ethereum still topped blockchain sales volume with $27.25 million. With $14.89 million, a 31.01% rise, Bitcoin claimed the second place, while Solana finished in third with $12.47 million, a 12.31% reduction.

Top Collections Dominate

With sales of $5.39 million, an increase of 9.45%, Cryptopunks topped the charts this week. Next were Bitcoin BRC20 NFTs, which had an even more astounding 475% rise, reaching $3.45 million. With $3.28 million in sales, a 4% rise, Immutable X’s Guild of Guardians (GoG) took third place. Sorare, which operates on Ether, made $2 million, a 9.99% increase, while Luxemarathoner, which operates on BNB, made $2 million, a 22% decrease.

Five days ago, Cryptopunk #9368 sold for $1.27 million, making it the most expensive NFT marketplace transaction this week. Then, three days ago, Solana’s Boogle #025 went for $143,070, and five days ago, BNB’s Paraluni Perpetual Bond fetched $129,337. Premium collections are staying ahead of the curve in a dynamic market, even while sales and activity are down.

Among the NFT market’s major sales swings during the previous week, CryptoPunks stands head and shoulders above the competition. With a little gain of 0.15% from the previous week, the famous pixelated collection—now owned by Yuga Labs—generated $5 million in sales.