During the first week of H2 2023, non-fungible token (NFT) sales witnessed a 23.39% decline compared to the previous week, marking a two-week downward trend. A total of $195.95 million worth of NFT sales occurred, with Ethereum-based NFTs accounting for $130.77 million.
NFT Sales Take a Hit: Week-Over-Week Drop of 23% in the First Week of July 2023
Cryptoslam.io data reveals a 23.39% drop in NFT sales this week compared to the earlier week. Along with this downturn, there was a notable 96.48% decrease in NFT buyers and a 15.26% slide in the number of NFT sales. ETH-based NFT sales led the pack with 66.73% of total sales, reaching $130.77 million last week.
Seven day NFT sales data according to cryptoslam.io on July 8, 2023.
Despite their dominance, ETH NFT sales saw a 14.77% dip compared to the previous week. Among 22 networks, Bitcoin (BTC) ranked second in terms of sales, recording $23.37 million last week and experiencing a 34.99% slump week-over-week. Ethereum and Bitcoin were followed by Solana, BNB, and Polygon in weekly sales.
Top five NFT sales this past week according to cryptoslam.io data on July 8, 2023.
Bored Ape Yacht Club (BAYC) emerged as the highest-selling NFT collection over the past week, generating $22.57 million in revenue and growing by 1% compared to the prior week. Azuki, Mutant Ape Yacht Club (MAYC), Uncategorized Ordinals, and Fram BRC20 trailed behind BAYC. Fram BRC20 NFT sales surged by an impressive 97.47%. Captainz and Degods also recorded significant gains between 43% and 70%, respectively.
Of the top five NFT collectible sales this week, three originated from the Bitcoin blockchain while two were based on Ethereum. The priciest sale was an Uncategorized Ordinal that fetched $832K; however, no single NFT or digital collectible breached the million-dollar mark this week.
Why This Week Changed EVERYTHING
