NFT Sales Avoid Crypto Market Slowdown This Week With Slight Increase In Volume Bitcoin Markets & Prices Planet

NFT Sales Avoid Crypto Market Slowdown This Week With Slight Increase In Volume Bitcoin Markets & Prices Planet

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Sales of non-fungible tokens (NFTs) managed to remain steady this week, while the crypto economy saw more losses over the past seven days. In the previous week, $152.9 million in NFT sales were recorded across 18 blockchains and in the past week, $154.3 million in sales were executed. While Ethereum saw the most NFT sales this week, the chain saw a 9.23% decline in sales volume of ether-based NFTs.

NFT Avoids This Week’s Crypto Slowdown As NFT Sales See Modest Increase

At the time of writing, around $154,366,090 in NFT sales have been recorded across 18 different blockchains and the metric is around 0.96% higher than the previous week. The NFT Bored Ape Yacht Club (BAYC) collection saw the most sales of any NFT collection with $13,292,929 in sales, up 1.01% over the past seven days.

In the last 24 hours, the floor value of BAYC fell to 85.99 ETH ($90,000) which is 1.2% lower than the previous day. Out of 158 trades, BAYC saw 99 buyers this week buying Bored Ape NFTs.

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NFT Selling Avoids Crypto Market Slowdown This Week With Volume Uptick
Seven-day NFT sales data via cryptoslam.io on July 2, 2022.

The second best-selling collection this week was Sorare with $11,293,496. Sorare sales jumped 201% from the previous week to 142,903 transactions and 13,492 buyers. Sorare is followed by Otherdeed which saw an increase of around 63.65% in weekly sales or $10,112,650 in sales volume.

While overall Ethereum sales ($107,656,971) were 9.23% lower than last week, a number of other blockchains saw increased weekly sales. Fantom saw the biggest increase this week, with NFT sales jumping 10,616% on the channel last week.

Panini recorded an increase of 228.58%, BNB experienced a peak of 148.97%, and Flow blockchain NFT sales increased by 112.53%. 13 out of 18 blockchains saw their NFT sales increase in the past seven days, while chains like Ethereum, Palm, Arbitrum, Cronos, and OEC all saw declines.

The most expensive NFT sale this week was Otherdeed 6 which sold for 249.46 ether or $309,000. Bored Ape 211 sold for 194.97 ether or $232,000 and Bored Ape 2,896 sold for 166 ether or $205,000. The five most expensive NFT sales last week consisted of one Otherdeed sale and four Bored Apes.

Opensea was the top NFT market this week with $113 million in sales, but sales are down 17.24%. Opensea is followed by X2Y2 with $15.33 million in NFT sales and Magic Eden recorded $15.04 million in sales.

After being the No. 2 NFT Marketplace by sales volume months ago, this week Looksrare now controls the No. 4 NFT Marketplace by sales with $7.12 million, down 3.66% since the previous week.

The biggest floor price increases in the last 24 hours have come from NFT collections like Impostors Genesis Aliens, Lost Poets, Sneaker Heads Official, Lilheroes, and Creature World.

On June 20, 2022, 30-day NFT sales were down 74.44%, but monthly sales before July 2 were down 65.15%, meaning sales saw a slight improvement.

Keywords in this story

30 Day Sales, 7 Day NFT Sales, bnb, Bored Ape 211, Bored Ape 2896, Bored Ape Yacht Club, cryptoslam.io, Ethereum, Floor Values, Flow, Lilheroes, looksrare, Lost Poets, nft, NFT collection, collections NFT , NFT Floors, NFT Sales, NFT Sales Volume, NFT Weekly Sales, NFT, Non Fungible Token, Opensea, Otherdeed, Panini, Sales, Sales Volume, Sneaker Heads Official

What do you think of the last seven days of NFT sales? Let us know what you think about this topic in the comments section below.

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Jamie Redman

Jamie Redman is the News Manager at Bitcoin.com News and a fintech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He is passionate about Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written over 5,700 articles for Bitcoin.com News about disruptive protocols emerging today.




Image credits: Shutterstock, Pixabay, Wiki Commons, NFT BAYC,

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