As we closed the third week of January 2023, non-fungible token (NFT) assets saw a 16.39% increase in overall sales. 320,580 buyers participated in the NFT market action last week, an increase of 43.48% compared to the previous week. $256.69 million in NFT sales were recorded in the last seven days, with $206.06 million in Ethereum-based NFTs.
Ethereum dominates the NFT market as Theta, Fantom, Palm and Wax blockchains post the highest gains in NFT sales
Digital ownership continues in 2023 with $256.69 million in non-fungible token (NFT) sales in the past seven days, according to Statistics from cryptoslam.io. This represents a 16.39% increase from the previous week’s NFT sales and includes 1,355,376 NFT transactions. A total of 320,580 buyers participated in the market activity, an increase of 43.48% over the previous week.
Of 20 unique blockchain networks, Ethereum (ETH) dominated, with $206.06 million of last week’s sales coming from the ETH string. ETH-based NFT sales increased by 24.78% over the past week. The second leading blockchain in terms of NFT sales this week is Solana (SOL), which had $36,378,730 in NFT sales. However, Solana NFT sales fell 10.44% compared to the previous week.
The blockchains that saw the biggest seven-day gains in terms of NFT sales were Theta, up 239%; Fantom, 144% more; Palm, 97% more; and Wax, up 73% this week. Top-selling crypto collections this week include Mutant Ape Yacht Club (MAYC), Bored Ape Yacht Club (BAYC), Bored Ape Kennel Club (BAKC), Azuki, and Otherdeed.
The three most expensive NFT sales this week include Bored Ape Yacht Club #4,025, which sold seven days ago for $613,000; Cryptopunk #7,674, which sold for $451,000 five days ago; and Cryptopunk #7,641, which sold for around $418,000 three days ago. At 10 am ET on Sunday, January 22, 2023, Cryptopunks had the highest minimum value at 66.69 ETHwhile BAYC’s floor was just below at 66,247 ETHaccording to data from nftpricefloor.com.
What do you think about this week’s surge in non-fungible token sales? Let us know what you think about this topic in the comments section below.
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