Sales are down while purchases are on the rise within the non-fungible tokens (NFT) market.
In the past week, data shows that the volume of NFT sales has dropped by 7.87%, landing at approximately $99.9 million.
- The number of NFT buyers has surged by 24.38%, reaching 560,845.
- The count of NFT sellers has also risen by 15.66%, totaling 327,295.
- Overall transactions have fallen by 9.12%, now around 1.44 million.
Dramatic decrease in Ethereum NFT sales
The Ethereum (ETH) blockchain continues to hold the lead with $25 million in sales, which reflects a drop of over 21.3% compared to last week.
Nonetheless, Ethereum remains in the top position. See below for details.
- Polygon (POL) occupies second place with $16.9 million in sales volume, reflecting a 6.16% decrease.
- Bitcoin (BTC) holds third place with $16 million, marking a 12% decline in NFT sales volume.
- Mythos Chain is ranked fourth with $13.8 million in sales, showing a modest 1% rise from the previous week.
- Solana (SOL) experienced a notable increase of over 16%, reaching $9.9 million in sales.
Regarding collections, Courtyard on Polygon has taken the lead with $15 million in sales, down by 4.26%. DMarket remains in second place with $8.6 million, a 1.95% increase from last week.
Guild of Guardians Heroes has seen a significant drop, with sales falling by over 48%.
CryptoPunks similarly experienced a sharp decline, with sales down by more than 43.6% to $3.56 million.