NFT sales drop to $89m, Solana overtakes Bitcoin for 2nd place

by Margarita Armstrong

The non-fungible token sales volume over the final week has dropped by 7%, and stands at $89.1 million.

The crypto market, exhibiting indicators of restoration, has taken a U-flip. In step with the latest files, the world crypto market cap has dropped by over 2% within the final 24 hours.

When put next to final week’s $93 million NFT sales volume, this week has witnessed a modest 7% plunge in sales:

  • NFT sales volume plunged to $89 million.
  • The Ethereum (ETH) network retains its first rating when it involves volume.
  • Solana dethrones Bitcoin (BTC) to disclose the 2nd home.
  • NFT investors surge by over 42% from final week’s 494,666.
  • Quantity of NFT sellers also rose to 385,184 from final week’s 252,401.
That you can even cherish: Victims to sue WazirX over $235m hack at college-movement lawsuit

Ethereum retains its rating

Final week, the Ethereum network dethroned Bitcoin with its $33.4 million NFT sales volume. Ethereum has sustained this rating this week with its $31.1 million sales.

When put next to final week, the Ethereum NFT sales volume is down by nearly 4%. A wiser imagine at Ethereum’s files reveals that 21% of the amount accounted for wash trading.

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Source: Blockchains by NFT Sales Volume (CryptoSlam)

Curiously, Bitcoin misplaced its 2nd home to Solana. Bitcoin’s NFT sales score witnessed a 30% plunge compared to final week.

CryptoSlam files reveals that the weekly sales volume of the Bitcoin network is at $14.8 million. Solana, on the assorted hand, has proven a 12% upward push with its weekly NFT sales volume standing at $18.3 million.

In step with the final week’s files, Solana’s (SOL) sales volume changed into as soon as at $16.6 million. In phrases of the choice of investors, Solana has maintained and even witnessed a 56% surge.

The decision of NFT investors on the Solana network final week stood at 192,543, while this week it’s at 301,523.

Mythos Chain (MYTH) and ImmutableX (IMX) earned the fourth and fifth rating with $10 million and $3.8 million in sales.

DMarket holds first rating for over four weeks

DMarket has proven its sturdiness over the final three weeks by sustaining its first rating with the supreme sales when it involves an NFT sequence.

DMarket sales stood at $4.918 million, which is 6% down from final week’s $5.2 million. Froganas on Solana has exhibited an 118% surge, rising because the 2nd largest NFT sequence with $4.917 million in sales.

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Top NFT sales: Data from CryptoSlam

As per the suggestions from CryptoSlam, these were the tip sales over the past week:

  • CryptoPunks #8651 sold for $125,917.28 (50 ETH)
  • CryptoPunks #237 sold for $59,970.94 (24 ETH)
  • Claynosaurz #10222 sold for $38,422.71 (235 SOL)
  • Sorare #3209101205534761733284… sold for $36,488.51 (14.4162 ETH)
  • Bored Ape Yacht Membership #2213 sold for $34,837.25 (13.7688 ETH)
That you can even cherish: Victims to sue WazirX over $235m hack at college-movement lawsuit

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