Amid a turbulent week for the crypto market, non-fungible token (NFT) sales have shown resilience, seeing a 7.74% increase in weekly sales, totaling $181.82 million. The data also reveals that there has been a 41% increase in NFT buyers over the course of the week, surpassing the number of buyers recorded in the previous week.
Despite Crypto Market Crash, NFT Sales Increase by Nearly 8%
Of this week's total sales, Ethereum (ETH) blockchain contributed a significant portion, amounting to $124.7 million, while $22.66 million came from the Solana (SOL) blockchain. While ETH-based NFT sales saw a slight drop of 1.75%, SOL-based NFT sales increased by 88.19%, according to cryptoslam.io metrics. The top five chains that recorded the highest NFT sales in the last seven days include ETHSUN, MATIC, bnband X immutable.
Bored Ape Yacht Club (BAYC) emerged as the top-performing NFT collection this week, with sales reaching $16.38 million. BAYC sales are up 64.07% over the past seven days, leading the pack of the top eight NFT collections for the week. Mad Lads ($8.4 million), Azuki ($7.5 million), Mutant Ape Yacht Club ($4.97 million), and Captainz ($4.84 million) followed closely in terms of sales, with Blocklords Banners ($3.8M), The Heist NFT Compilation ($4.5M), and Trump Digital Trading Cards (Series 2) ($3.33M) round out the list.
The highest value individual NFT sale this week was Cryptopunk #2,356, which sold for $380,483 five days ago, followed by Azuki #6,954, which sold for $358,249 four days ago. Autoglyphs #145 secured the third highest sale, priced at $286,709, followed by Azuki #5,523, which sold for $253,464. Vethena #9,130 was in fifth place, selling for $223,161 three days ago.
According to statistics of nftpricefloor.com, the Cryptopunk collection continues to dominate the NFT market, with the highest minimum value closely followed by Bored Ape Yacht Club. Mutant Ape Yacht Club, Azuki, and Otherdeeds follow close behind. Notable NFT collections that have seen double-digit floor rises include BAYC, MAYC, Autoglyphs, and Captainz.
What do you think the future holds for non-fungible tokens? Will they continue to thrive amid crypto market volatility, or will they face challenges in the near future? Share your thoughts on this topic in the comments section below.
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