NFT Sales Up 138% Last Week, Blur Market Dominates This Week’s ETH-Based NFT Sales – Markets and Prices
Sales of non-fungible tokens (NFT) have surged over the past week, climbing 138.15% higher than the week before. Sales recorded between last Friday and February 24, 2023 indicate that $801 million in NFT sales were settled in the last seven days.
Ethereum Digital Collectibles and Mutant Ape Yacht Club Lead NFT Sales Push
While crypto asset prices took a step down on Friday, the last seven days showed a significant increase in NFT sales compared to the previous week. Bitcoin.com News reported last week that NFT sales are up 43%, but over the past seven days sales are up 138.15% since last Friday. Last week, $801 million in NFT sales were processed and the number of NFT buyers increased by 34.7% compared to the previous week. Ethereum has dominated NFT sales over the past seven days, accounting for $762 million of total sales.
Solana Ethereum followed in NFT sales at $17,717,911, but while Ethereum’s sales surged 162.67% over the past week, Solana’s NFT sales fell 1.86%. Ethereum and Solana followed by polygon, Immutable X and BNB in terms of weekly sales. Every Blockchain in the top 10 rankings in terms of revenue saw a decline this week, with the exception of Ethereum and Panini. Panini’s NFT sales rose 56.52% to $452,827 over the past week.
The top-selling NFT collection since last Friday is Mutant Ape Yacht Club (MAYC), with sales up 444.58% from the previous week and topping $92 million in sales. MAYC is followed by Otherdeed, Bored Ape Yacht Club (BAYC), Azuki and Moonbirds. All five NFT collections increased by 65% or more over the past seven days. A notable winner was Openen Edition, the sixth largest collection in terms of weekly sales, which saw a 5,235.80% increase since last week and amassed $37,593,913 in billed sales.
Regarding the ETH-based NFT markets, new NFT marketplace Blur has once again outperformed Opensea in weekly volume, capturing 81% of the NFT market share in settled sales this week. Opensea’s volume accounted for approximately 13.6% of the total NFT sales volume in seven days. Blur and Opensea are followed by X2Y2, Immutable X Marketplace and Looksrare. The new up Cardano based marketplace, JPG Store, ranks sixth in sales this week as NFT sales are up 35.94% compared to last week’s sales.
What do you think is driving the surge in NFT sales this week and where do you see the NFT market going in the near future? Do share your thoughts in the comment section below.
photo credit: Shutterstock, Pixabay, WikiCommons
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Source: Crypto News Deutsch
