Non-fungible token (NFT) sales were up slightly last week, rising 1.23% to $232.49 million in recorded sales. The top two NFT collections, Otherdeed and Doodles, saw growth from 44% to 58% compared to the previous week. Ethereum continues to dominate the NFT industry, accounting for over 81% of total sales last week with $188.51 million in NFT sales.
7-day NFT sales surge; Otherdeed, Doodles see growth from 44% to 58%
NFT sales are flat this week and through February 2023, with $39.72 million in sales recorded so far this month. During the last seven days, there were $232.49 million in NFT sales, an increase of 1.23% from the previous week.
During that time, 481,917 buyers participated in NFT sales, up 19.30% from the previous week. In addition, 1,390,784 NFT transactions were processed, an increase of 3.21% from the previous week. Of the $232.49 million in sales, Ethereum garnered the largest share of the 20 blockchain networks listed on cryptoslam.io.
Ethereum accounted for 81% of total NFT sales, or roughly $188.51 million in deals. The second largest blockchain for NFT sales was Solana, which processed $27.40 million last week, a 2.65% decrease from the previous week. Immutable X ranked third in NFT sales, with sales increasing 37.85% to $4.5 million.
The remaining top NFT sales blockchains, in order, are Cardano, Polygon, Flow, bnb Chain and Arbitrum. Fantom experienced the largest increase in NFT sales this week, up 73.81%, even though only $17,064 in NFT sales were settled in the last seven days.
Last week, the top NFT collection was Otherdeed, with sales up 44.37% to $17.33 million. Doodles experienced a 58.49% increase, reaching $13.88 million in total sales. Otherdeed and Doodles were followed by Mutant Ape Yacht Club (MAYC), Bored Ape Yacht Club (BAYC) and Checks VV Edition.
He highest minimum NFT value on February 5, 2023, it was for Cryptopunks, at 63.99 ether at 8:00 am ET. The second highest floor value belonged to the BAYC collection, with a slightly lower value of around 63.5 ethers.
Last week’s most expensive NFT sales include: Bored Ape Yacht Club #8,483, which sold for $581,000 seven days ago but then sold again for $490,000 two days later; Cryptopunk #2,311, sold for $511,000 three days ago; Cryptopunk #9092, sold for $496,000 four days ago; BAYC #8,483, making the fourth-biggest sale after selling twice; and Cryptopunk #9,611, sold for $482,000 four days ago.
The fifth most expensive sale was Cryptopunk #9,611, followed by Hausphases #379, which sold for $461,000 on Sunday, February 5, 2023.
What do you think will be the next big NFT collection to make waves in the market? Share your thoughts in the comments below.
image credits: Shutterstock, Pixabay, Wiki Commons, cryptoslam.io,
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