NFT Sales Tumble 18.57% in 7 Days Amid Broad Crypto Market Retreat

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This week’s non-fungible token (NFT) gross sales have taken one other nosedive, intensifying the downtrend that started with a 16.55% decline from March 9 to March 16, 2024. The final seven days have witnessed a good steeper drop, with NFT gross sales plummeting by 18.57%.

Cryptopunk #7,804 Shines in a Week of Falling NFT Gross sales

Consistent with the broader cryptocurrency panorama, NFT transactions have skilled a dip, plunging 18.57% to a complete of $290.51 million. The main 5 blockchains, gauged by the week’s complete gross sales, all reported declines.

Ethereum was on the forefront with NFT gross sales amounting to $107.21 million, albeit a 17.10% fall from the earlier week’s numbers. Bitcoin secured the runner-up place, but BTC-centric NFT transactions dropped 25.19% from the previous week.

Equally, Solana witnessed a 7.77% discount, BNB Chain’s gross sales dwindled by 17.34%, and Mythos encountered a 4.23% lower. Collectively, these 5 blockchains accounted for $268.98 million or 92.58% of the week’s $290.51 million complete gross sales.

The Uncategorized Ordinals (UO) compilation emerged because the frontrunner in weekly gross sales, though its gross sales dwindled by 27.7%, totaling round $39.01 million. Cryptopunks, with a $21.14 million turnover in per week, noticed its figures considerably bolstered by the sale of Cryptopunk #7,804, which alone fetched $16.38 million, marking a 186.54% enhance for the gathering.

Node Monkes, Mad Lads, and Bored Ape Yacht Membership (BAYC) accomplished the highest 5 rankings as per cryptoslam.io information. The week’s priciest NFT accolade went to Cryptopunk #7,804, intently adopted by Thick Liquidity, a Fantom-issued NFT, snagging $538,207.

An Uncategorized Ordinal inscription netted $493,162, and an Axie Infinity or Ronin-based NFT fetched $186,407. Though gross sales took a dip final week, the roster of NFT consumers swelled by 55.69%, and sellers noticed a 47.47% hike over the course of seven days.

What do you concentrate on this week’s NFT gross sales? Share your ideas and opinions about this topic within the feedback part under.

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