NFT sales drop 9.6% to $160.9m, Ethereum and Bitcoin network sales plunge

While Bitcoin surged towards the $100,000 mark, reaching an all-time high of $99,655.50, non-fungible token (NFT) sales volume fell 9.6% to $160.9 million.

The capitalization of the global cryptocurrency market continues to rise, reaching $3.35 trillion, up from $3.03 trillion last week. This marks a 2% increase from the last day, with Bitcoin (BTC) currently trading at $98,620.

Last week’s NFT sales volume was $178.8 million. However, according to the latest data from CryptoSlam, there has been a decline in the NFT market.

NFT sales volume dropped to $160.9 million Ethereum (ETH) blockchain led with $51.3 million in sales (down 23.07%) Bitcoin followed with $44.6 million (down 25.67%) NFT buyers 52% up .93 to 450,512 NFT sellers up 46.74% to 277,767 NFT transactions down slightly by 1.26% 1,606,261 Ethereum NFT sales decreased by 23.07%

Ethereum NFT blockchain sales volume fell to $51.3 million this week, marking a 23.07% decline over the past seven days.

The number of NFT buyers on the Ethereum blockchain increased by 31.45% to 42,157.

Source: NFT Blockchains by Sales Volume (CryptoSlam)

Bitcoin maintained its second place despite the 25.67% decline in the last seven days.

According to the data, the Bitcoin blockchain’s NFT volume stood at $44.63 million, while fake trade increased by 46.05% to $1.57 million.

Solana (SOL) ranked third with $25.8 million, showing resilience with a 6.83% increase over the last seven days.

Polygon (POL) rose to fourth place with $13.5 million, showing a remarkable growth of 289.66% in the last seven days.

Mythos Chain (MYTH) ranked fifth with sales of $10.7 million, showing a marginal decline of 0.71%.

BRC-20 NFTs continue to lead the market

BRC-20 NFTs continue to lead with a sales volume of $16.6 million despite a 41.39% decline.

MGGA Hat on Polygon came in second with $10 million in sales, while CryptoPunks followed with $9.2 million, a 60.26% drop.

Highest NFT sales: Data from CryptoSlam

The latest data shows the following NFT collectibles topped sales last week:

Uncategorized Ordinals #016 sold for $3,795,420 (39.0083 BTC) #210 sold for $279,868 (90 WETH)