Non-Fungible Token (NFT) sales have been able to remain steady this week while the crypto economy has suffered more over the past seven days. A week ago, $152.9 million in NFT sales were recorded across 18 blockchains, and last week, $154.3 million in sales were executed. While Ethereum saw the most NFT sales this week, the chain saw a 9.23% drop in Ether-based NFT sales volume.
NFT averts this week’s crypto meltdown as NFT sales edge up slightly
At the time of writing, approximately $154,366,090 in NFT sales across 18 different blockchains have been recorded, and the metric is up approximately 0.96% from the previous week. NFT Collection Bored and Yacht Club (BAYC) reported the highest revenue of any NFT Collection at $13,292,929, up 1.01% over the past seven days.
In the last 24 hours, BAYC’s minimum price has fallen to 85.99 ETH ($90,000), or 1.2% lower than the previous day. In over 158 transactions this week, BAYC saw 99 buyers buying Bored App NFTs.
Seven-day NFT sales data on July 2, 2022 via Cryptoslam.io.
The second highest-selling collection this week was Sorare at $11,293,496. Bad sales were up 201% from the previous week with 142,903 transactions and 13,492 buyers. Sorare is followed by Otherdid, which saw weekly sales increase by approximately 63.65% or $10,112,650 in sales volume.
While total sales of Ethereum ($107,656,971) fell 9.23% from the previous week, several other blockchains saw increases in weekly sales. Phantom posted the biggest gain this week as on-chain NFT sales jumped 10.616% last week.
panini It registered a 228.58% growth, BNB saw a 148.97% increase and Flow Blockchain NFT sales increased by 112.53%. In the past seven days, 13 out of 18 blockchains saw an increase in NFT sales, while all chains like Ethereum, Palm, Arbitrum, Cronos, and OEC saw declines.
The most expensive NFT sale this week was Otherdeed 6, which sold for 249.46 ether or $309,000. The Board Ape 211 sold for 194.97 ether or $232,000 and the Board Ape 2,896 sold for 166 ether or $205,000. Another deed sale and four bumpy monkeys were among the top five most expensive NFT sales last week.
OpenSE was the leading NFT market this week with $113 million in revenue, but revenue is down 17.24%. Opensea was followed by X2Y2 with $15.33 million in NFT revenue and Magic Eden with $15.04 million in revenue.
After being the second-largest NFT market by revenue volume months ago, Lookaware now dominates the fourth-largest NFT market by revenue at $7.12 million, down 3.66% from last week.
The highest reserve price in the last 24 hours came from NFT collections such as Imposters Genesis Aliens, Lost Poets, Sneaker Heads Official, Lillerose and Creature World.
On June 20, 2022, NFT’s 30-day sales were down 74.44%, but monthly sales prior to July 2 were down 65.15%, meaning sales have improved slightly.
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Jamie Redmayne is the news director at Bitcoin.com News and a Florida-based financial technology journalist. Redmayne 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, Redmayne has written over 5,700 articles for Bitcoin.com News about today’s emerging disruptive protocol.
photo credit: Shutterstock, Pixabay, WikiCommons, BAYC NFT,
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