Bitcoin leads despite a 9% NFT weekly sales dip of $145M

The previous week’s sales figure for NFTs was $145 million, indicating a 9% decline compared to the previous week’s figure. In terms of the volume of sales for four prime blockchains, this has been going on for a while now.

As for online collections, the sales figures declined by over 11%, followed by another major fall to the tune of 9.68%, with the sales figure ultimately standing at $145.01 million.  

Bitcoin (BTC) remained ahead of the competition in weekly NFT selling, leaving Ethereum (ETH) and Solana (SOL) behind. 

During the previous week, Bitcoin achieved the biggest volume in terms of NFT sales, coming in for roughly $44.1 million. Despite it all, there was still a decline of 11%.

Ethereum was right behind with a sales figure of $38.4 million, a drop of 1.59%. Incidentally, Ethereum’s wash trade stood at roughly $34.2 million. By bringing together the real and wash trading figures, it would amount to more than $72 million. 

Subsequent to Ethereum, Blast recorded sales of $15.943 million, representing a decline of 8.48%.

Solana took the fourth position, claiming $14.26 million, which meant a fall of 44.73%. 

In the cases of Arbitrum (ARB), Tezos (XTZ), and Fantom (FTM), the sales volume fell by 51.71%, 62.09%, and 69.21%, respectively. 

Polygon (MATIC) claimed the fifth position with a sales figure of $12.14 million, indicating a rise of 20.37%.

Uncategorized ordinals dominated sales volume with $16.4 million, with Blast’s Fantasy Top reaching $15.93 million. Mythos’ Dmarket, with $5.58 million, and Bitcoin’s Nodemonkes, with $4.74 million, trailed behind. 

The most costly NFT sale involved Cryptopunk #741, which brought in $792,046, with the ordinal inscription standing at $681,497. Earthnode #184 stood at $56,026. 

Meanwhile, Bloomberg reports that a class-action lawsuit has been filed against UNXD, an online assets platform, and Italian fashion house Dolce & Gabbana over alleged delivery delays for NFT products.

David Cox

David is a finance graduate and crypto enthusiast. He projects his expertise in subjects like crypto and Blockchain while writing for CryptoNewsZ. Being from Finance background, he efficiently writes Price Analysis. Apart from writing, he actively nurtures hobbies like sports and movies.

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