This week marked a significant drop for the non-fungible token (nft) market, with sales falling nearly 16% following a 17% increase the previous week.
By CryptoSlamTotal sales reached $121.7 million, with more than 519,000 buyers and sellers actively negotiating.
Blockchain nft Sales Breakdown
The ethereum (eth) network led the charge with $39.28 million in sales, a notable 14.48% increase from the previous week.
This rise was accompanied by a marked increase in the number of active buyers in the ethereum nft space, with the number increasing by almost 48% to reach 23,586. The network also saw an increase in wash trade, up 35.49% to over $34 million.
bitcoin (btc), which was the busiest network in terms of sales the previous week, fell to second place this week, with around $26.5 million in sales, representing a drop of 45.60. bitcoin recorded over 18,000 active buyers, which was a massive 804% increase from last week. Wash's trading on the network decreased by approximately 53%, settling at $20,030.
After a 22% increase in sales the previous week, Polygon (MATIC) this week reduced its weekly sales volume by almost 5.5% to settle at $18.43 million. Solana (SOL) came in fourth with $14.631 million in sales, a decrease of 18.18%. For its part, Immutable x (IMX) saw an increase, with sales increasing by 9.40%.
Top nft Sales
The highest sale of the week was on the ethereum blockchain, with one nft sold for $587,194. A bitcoin Ordinal, Protoshroom #6, changed hands for $237,373, while a Polygon TTAvatars #128003 sold for $100,500.
Solana's DeezNode #052 sold for $77,839, beating out a BNB nft, Ape Treasury Bill V2 V3 #12668, which sold for $31,516.
Among collections, Immutable's Guild of Guardians Avatars had the highest sales volume over the past seven days, grossing over $8.1 million in 1,614 transactions.
It was followed by the bitcoin PIZZA nfts, which generated $7.3 million, which was a drastic 60% reduction from their figures compared to the previous week.
A new entrant to the top five collections ranked by sales volume was ethereum Name Service (ENS), which secured third place with over $5.3 million in nfts sold. The figure represented an incredible jump of 1022%, and the money came from just 295 buyers.
The DMarket collection on Mythos earned $4.6 million from nearly 190,000 transactions, while the bitcoin network's bitcoin Puppets took the No. 5 spot with around $2.7 million in sales.
