$2.5 Billion in NFT Sales This Week, Volume Up 161%, Meebit's NFT Sales Surge – Markets and Prices

In the last seven days, $2.53 billion in non-fungible tokens (NFT) were sold, representing a 161% increase over the past week. The Ethereum blockchain recorded the most NFT sales with a total of $2.45 billion, while the Solana network recorded around $31.9 million in NFT sales this week. Among 258,536 NFT buyers this week, NFT collection Meebits generated $1.23 billion in NFT sales.

With $2.5 billion in NFT sales across 10 chains, Ethereum NFT sales dominate by more than 96%

A large number of non-fungible token sales continue as recorded sales across the top 10 blockchains with NFT compatibility amounted to $2.53 billion in NFT sales.

The metric is up 161% for the week, but Ethereum NFT sales account for the lion's share. Ethereum-derived NFTs have raised $2.45 billion, with sales on the Ethereum blockchain up 184% Data from cryptoslam.io on Sunday.

Of the top ten blockchain networks this week, Theta saw a 490.39% increase in seven-day sales. Sales on the Wax blockchain increased by 17.10% and Flow blockchain sales increased by 1.04% last week.

The biggest sale this week, in terms of the most expensive NFT sold in seven days, was Meebit #13824 when it sold for 15,000 ETH or $50.61 million four days ago. Meibit #9711 sold for a touch less than #13824 at 14,730 Ether or $49.25 million at the time of settlement.

Meebits saw a 31,948.20% increase in sales in seven days and the collection is the best NFT compilation in terms of sales this week. The Meebits collection saw 574 buyers across 2,199 transactions, spending $1.23 billion in sales.

The second best-selling collection of the week is the NFT project prey as it has generated $281 million in weekly revenue according to cryptoslam.io metrics. Loot is followed by Cryptophunks V2 as this NFT project recorded $142 million in sales.

As Opensea nears $15 billion, Axie Infinity approaches $4 billion in all-time NFT sales volume

Like Bitcoin.com News reported Earlier this week there was an influx of traders using new NFT marketplace Looksrare. Looksrare's NFT marketplace has surpassed Opensea's seven-day sales statistics with $444.55 million.

Opensea reported revenue of $120.55 million this week, down 32.58% from the previous week. Solana's Magic Eden was the third-largest marketplace this week with $7.68 million in sales dappradar.com statistics.

Meanwhile, two NFT projects are on the verge of reaching new milestones in terms of all-time NFT sales volume. The NFT marketplace Open sea, which supports Ethereum and Polygon blockchains, is approaching $15 billion in total revenue at $14.68 billion today.

Axie Infinity is approaching total sales of over $4 billion as the NFT project has raised $3.94 billion to date. Additionally, Flow's NBA Top Shot is nearing $1 billion in total revenue with $776.49 million, and Solana's Magic Eden is also nearing $1 billion with $615.05 million in all-time revenue.

What do you think about this week’s non-fungible token sales and stats? Let us know your thoughts on this topic in the comments section below.

Jamie Redman

Jamie Redman is the news director at Bitcoin.com News and a financial technology journalist based 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 more than 5,000 articles for Bitcoin.com News about today's emerging disruptive protocols.

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