NFT Sales Fall 14% This Week

Updated: 27 August 2023

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The non-fungible token market isn’t doing too well right now. Almost two years after the non-fungible token frenzy crested, demand for digital certificates of ownership has somewhat evaporated. In this article, we shall look at how the NFT market has been fairing in the past seven days.

Data compiled by CryptoSlam.io, an on-chain data aggregator, indicates in the nascent NFT sector, the sales volume has undergone a minor setback this week, dipping roughly 14% from the previous week, pulling a total sales volume of $92 million.

Source: CryptoSlam.io, NFT Sales Volume

Non-fungible tokens hosted on Ethereum, the largest blockchain for NFTs, have accounted for $56 million, representing a 13.94% decrease from the previous week. Solana-based NFTs are the second most traded NFT collections this week, recording a trading sales volume of $8.5 million.

Source: CryptoSlam.io, NFT Sales by blockchain

Digital collectibles hosted on Polygon, an Ethereum scaling solution, have been the third most traded NFTs this week. Polygon-based NFTs have attracted a trading sales volume of $6.8 million in the past seven days, representing a 20% dip from the previous week.

Non-fungible token hosted on Mythos and Immutable X has been the fourth and fifth most traded NFTs this week. These NFTs have attracted a trading sales volume of $3.4 and $3.3 million in the past seven days, reducing 9% and 27%, respectively.

Top Five NFTs This Week:

Source: CryptoSlam.io, Top selling NFTs In The past 7 days

1. Bored Ape Yacht Club NFTs

Bored Ape Yacht Club is an all-time top-selling NFT collection from the digital asset firm Yuga Labs, featuring a limited set of 10,000 NFTs hosted on the Ethereum network. In the past seven days, Bored Ape Yacht Club has been the top-traded NFT collection, recording a trading sales volume of $10 million. The NFT collection has pumped 108% from the previous week.

2. DMarket NFTs

DMarket is an NFT collection from DMarket, a cross-chain marketplace allowing users to trade all possible NFTs, virtual items, and technology for building metaverses. DMarket is renowned in the crypto industry as one of the world’s biggest trading platforms for NFTs. In the past seven days, DMarkets have been the second most traded NFTs, amassing a sales volume of $5.6 million.

3. Sorare NFTs

Sorare NFTs are digital trading cards from the popular fantasy sport crypto-based video game Sorare. Launched in 2019, Sorare is a next-level fantasy sports game where you collect and compete with ownable digital player cards to win epic prizes. In the past seven days, Sorare NFTs have been the third most traded NFTs this week, attracting a trading sales volume of $3.3 million. These NFTs have dropped 6% in sales this week from the previous week.

4. DraftKings NFTs

DraftKings are digital collectibles from an American daily fantasy sports contest and sports betting company, DraftKings. The company allows users to enter daily and weekly fantasy sports–related contests and win money based on individual player performances in major American sports such as the Premier League and UEFA Champions League football. DraftKings NFTs have been the fourth most traded NFTs this week, recording a trading sales volume of $3.2 million.

5. Cross the Ages NFTs

Cross the Ages is an NFT collection from Cross the Ages, a mobile-first collectible card game bridging fantasy and sci-fi. Cross the Ages has been the fifth most traded NFT collection this week. In the past seven days, the NFT collection has attracted a trading sales volume of $2.9 million. Cross The Ages NFTs have pumped 1,025% this week in sales from the previous week.

Bored Ape Yacht Club # 7485 has been the most expensive NFT collection this week, selling for $172923 fifteen hours ago. Crown was the second most expensive NFT collection, selling for $168,187 six days ago. Bored Ape Yacht Club #4088 and Bored Ape Yacht Club #8295 were the third and fourth most expensive NFTs selling for $165,003 and $143,627.

Top NFT News This Week

1. Donald Trump NFTs Surged In Sales

The price of the former United States President Donald Trump’s digital trading cards spiked following a Wednesday interview with conservative political commentator Tucker Carlson. The NFT collection touched the headlines after pumping more than 200% in trading sales volume.

2. $WSM Presale Surpassed $25M Mark

Wall Street Memes is another crypto project making headlines this week. The crypto project was launched in June by a crypto community called Wall Street Memes. The crypto community came into the spotlight in 2021 after launching an Ethereum NFT collection, “Wall St Bulls, which sold for just 32 minutes. The Wall Street Memes has raised over $25 million from its crypto token presale.