NFT sales decrease by 59 % in the second week of 2023; Ethereum dominates the top 20 blockchains with 75 % of sales -

The sales of non-fungible tokens (NFT) decreased significantly, since the NFT sales have decreased by 59.35 % this week. In the last seven days, NFT sales of $ 208.68 million have been recorded, with $ 157.20 from the Ethereum blockchain. The best-selling NFT collection last week was the Bored Ape Yacht Club (BayC) with a turnover of $ 16.69 million, which corresponds to $ 7.998 % of the sales of $ 208 million this week.

Ethereum and Solana lead NFT sales among the top 20 blockchains in the middle of lower sales of digital collectors' items this week

In the first week of 2023, the NFT sales rose by 26 %compared to the last week of 2022. On Sunday, January 15, 2023, sales decreased by 59.35 % compared to the previous week. Of the 20 most important blockchains that issue NFTs, 75.33 % of the sales recorded between 8 and 15 January 2023

Solana held the second largest position in terms of NFT sales. Ethereum and Solana followed Immutable X, Binance Coin ( bnb ) and cardano as the five best chains in relation to this week nft sales data .

The top 5-NFT collections of this week in relation to the total sales include the Bored Ape Yacht Club (BayC), the Mutant Ape Yacht Club (Mayc), Azuki, Art Blocks and the Bored Ape Kennel Club. This is followed by Otherdeed, Sorare, The Captainz, Beaverz and Mutant Hound Collars.

data from nftpricefloor.com on Sunday, January 15, 2023, the highest minimum value in relation to the NFT minimum values. Cryptopunks, Mayc, Autoglyphs and The Sandbox followed on BayC. During the BayC floor value at the time of the writing of this article, 70,408 was eth LAG the cryptopunks floor value on Sunday at 66,19 eth .

bnb ) has shown an increase in the NFT sales by 62.20%in the last seven days, Flow sales by 77.99%, immutable x by 8.51%, Solana by 3.11%and Ronin NFT sales by 84.75%. The blockchains, which have had a decline in sales since last week, include Ethereum, Cardano, Wax, Algorand and Cronos.

What do you think is the reason for the decline in NFT sales this week, and do you believe that this trend will continue in the coming weeks? Share your thoughts in the comments below.

Jamie Redman

Jamie Redman is the news manager at Bitcoin.com News and a Journalist for Financial Technology living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open source code and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com news about the disruptive protocols that arise today.

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