NFT sales drop to $89m, Solana overtakes Bitcoin for 2nd place

Last week, non-fungible token sales volume fell 7% to $89.1 million.

The crypto market, which was showing signs of recovery, has made a U-turn. According to the latest data, the global crypto market cap has fallen by over 2% in the last 24 hours.

Compared to last week’s $93 million in NFT sales volume, there was a modest 7% decline in sales this week:

NFT sales volume dropped to $89 million. The Ethereum (ETH) network maintains its first place in terms of volume. Solana dethroned Bitcoin (BTC) to take second place. NFT buyers are up over 42% from last week’s 494,666. The number of NFT sellers also increased, from 252,401 last week to 385,184. Ethereum maintains its ranking

Last week, the Ethereum network dethroned Bitcoin with NFT sales volume of $33.4 million. Ethereum maintained this ranking with sales of $31.1 million this week.

Compared to last week, Ethereum NFT sales volume decreased by almost 4%. A closer look at Ethereum’s data shows that 21% of the volume consists of wash trades.

Source: NFT Blockchains by Sales Volume (CryptoSlam)

Interestingly, Bitcoin lost second place to Solana. Bitcoin’s NFT sales witnessed a 30% decline compared to last week.

CryptoSlam data shows the Bitcoin network’s weekly sales volume is $14.8 million. Solana, on the other hand, increased by 12%, with weekly NFT sales volume reaching $18.3 million.

According to last week’s data, Solana’s (SOL) sales volume was 16.6 million dollars. Looking at the number of buyers, Solana maintained and even witnessed a 56% increase.

Last week, the number of NFT buyers on the Solana network was 192,543, while this week it was 301,523.

Mythos Chain (MYTH) and ImmutableX (IMX) took fourth and fifth place with sales of $10 million and $3.8 million.

DMarket has been ranked first for more than four weeks

DMarket has proven its solidity by maintaining its first place with the highest sales in the NFT collection for the last three weeks.

DMarket sales totaled $4.918 million, down 6% from last week’s $5.2 million. Solana’s Froganas surged 118%, making it the second largest NFT collectible with sales of $4.917 million.

Highest NFT sales: Data from CryptoSlam

According to CryptoSlam data, last week’s top sales were:

CryptoPunks #8651 sold for $125,917.28 (50 ETH) CryptoPunks #237 sold for $59,970.94 (24 ETH) Claynosaurz #10222 sold for $38,422.71 (235 SOL) Sorare #3209101205534761733284… 36,488 Sold for $.51 (14.4162 ETH) Bored Ape Yacht Club #2213 sold for $34,837.25 (13.7688ETH)