Non-fungible token (NFT) sales increased 18.43% this week, totaling $272.68 million. However, the number of NFT buyers dropped by 60.31% to approximately 195,716. Ethereum NFT sales continue to lead the market, accounting for $233.85 million of total sales, an increase of 25.42% from the previous week.
Best NFT Collection of the Week: Otherdeed leads with $18.26 million in sales
NFT sales increased 18.43% this week, with $272.68 million in sales recorded across 20+ blockchain projects issuing NFTs. Ethereum led the market, accounting for 85.76% of total sales with $233.85 million. ETH-based NFT sales were also up 25.42% from the previous week.
Solana ranked second in NFT sales, with $20,415,068 recorded over the past week. However, this figure represents a decrease of 25.95% from the previous week. Ethereum and Solana were followed by Immutable X, Polygon, and Cardano in NFT sales, respectively. Immutable X posted $6,222,375 in sales, Polygon posted $3,469,913, and Cardano had $3,132,714 in total sales last week.
The best-selling NFT collection last week was Otherdeed, which generated $18,260,273 in sales. Bored Ape Yacht Club (BAYC) followed with $16,520,662 in sales. The other collections in the top five were Mutant Ape Yacht Club (MAYC), Checks VV Edition, Doodles, and Sewer Pass. Of these five collections, BAYC experienced the largest increase in sales, up 31.35% from the previous week.
The most expensive NFT sold last week was Cryptopunk #5,066, which sold for $1.4 million five days ago. This sale was followed by BAYC #7,090, which sold for $1.3 million four days ago. Cryptopunk #2,886 sold for $454,744 a day ago, Otherdeed #54,421 sold for $327,796, and Otherdeed #67,782 sold for $282,219 this week. According nftpricefloor.com statisticsBAYC NFTs currently have the highest minimum value at 70.97 ETHfollowed by Cryptopunks at 63.29 ETH beginning at 9:30 a.m. ET on February 11, 2023.
What do you think about the continued growth of NFT sales and Ethereum’s dominance in the market? Share your thoughts in the comments below.
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