Non-fungible token (nft) sales took a hit last week, falling 11.16% compared to the previous week.
cryptoslam.io data sample This week's total sales reached $144.33 million, with bitcoin-based nfts contributing over $49 million to this total. However, despite the impressive numbers, sales of digital collectibles in bitcoin (btc) fell by 14.65%.
nfts on ethereum (eth) generated $41.55 million in sales, also down 11.7% from the previous week. Solana (SOL) nfts, which rank third in sales, earned nearly $26 million, seeing a modest 5.73% increase this week.
According to cryptoslam, the Polygon (MATIC) network recorded the fourth-highest nft sales volume in the previous seven days, raising $9.66 million.
However, the figure was a 14.2% drop compared to what nft traders on the blockchain had sold at the same time a week ago.
Closing out the top five blockchains by sales volume, Immutable (IMX) posted a respectable sales of $6.49 million.
The amount marked an increase of more than 8%, making Immutable the only other network in the top five whose sales volume improved over the period.
nft collections
This week's best-selling product was Uncategorized Ordinals from the bitcoin blockchain, generating $22.9 million in sales. Sales of collectibles were down almost 30% compared to the previous week.
Mythos' Dmarket collection came in second place, earning $5.817 million, a decrease of 17.24%.
On the other hand, the Nodemonkes collection on the bitcoin blockchain saw a 10.56% increase in sales, reaching $4.77 million in 246 transactions.
Other notable collections this week included Mad Lads, CryptoPunks, Degods, and Solana Monkey Business. The Mad Lads collection, located in Solana, saw the biggest improvement in terms of sales volume, with the $4.5 million that changed hands representing a 130% increase over last week.
Among individual nfts, the biggest and most expensive sale of the week was Cryptopunk #3619, which sold for $627,991.
Additionally, Solana's Boogle #064 changed hands for $192,124, while the btc network's Mushroom #95 earned $135,096.
The steady decline in sales week after week indicates a cautious sentiment among collectors.
According to data from Cryptoslam, there were just over 145,000 active buyers in the market during the week, a drop of 86% from the previous week.