The non-fungible token market has experienced a 4.2% drop in sales volume in the last seven days.
This drop comes after a decent surge of 7.68% as reported in our last weekly NFT sales column. The latest data from Cryptoslam shows that NFT sales volume in the last seven days stood at $73.75 million.
The numbers are down by 4.2% considering the $109 million sales volume in the week prior.
Even though the NFT sales volume came down to the double digits, there has been a 132% surge in NFT buyers. Cryptoslam data shows that NFT buyers stood at 521,640 while NFT sellers were 270,413.
Interestingly, NFT transactions dropped over 26% in the last seven days to 1,217,967. Let us have a detailed look at the blockchains that ruled during this period.
Ethereum and Solana top the list
As per the data, Ethereum (ETH) has maintained the first ranking with $23.9 million in NFT sales. However, the network saw over 9.6% drop in the sales as opposed to the prior week. Interestingly, 12.24% of the sales came from wash trading.
Solana (SOL) took over the second position with $16 million in sales. Bitcoin (BTC), Polygon (POL) and Binance Coin (BNB) took the next three spots with $13 million, $7.5 million and $3.3 million in sales, respectively.
Wash trading was recorded the least for the BNB network, while Solana and Bitcoin recorded 6.41% and 4.54%, respectively.
Cryptoslam data highlights that NFT sales volume surged on the Solana network by 17.89% as well as on Polygon at 51.3%.
Guild of Guardians Heroes stands as the top collection
Guild of Guardians on the Immutable-Zk chain took home the first ranking for the highest sales volume. The NFT collection recorded $2.86 million in sales volume across 5786 transactions.
Trailing just behind, the DogeZuki Collection on Solana bagged second place with $2.4 million in sales with 61,447 transactions. DogeZuki has held its position strong just like the previous week.
Third on the list with $2.368 million in sales is Sorare on the Ethereum blockchain. The NFT collection enjoyed a total of 108,690 transactions.
CryptoPunks, on the other hand, recorded 25 transactions with a sales volume of $2.2 million, ranking fourth. DMarket on Mythos blockchain is fifth on the list with $2.1 million in sales and 80,713 transactions.
Top NFT collectible sales
These are some of the top NFT collectible sales that happened despite the volatile crypto market conditions.
- CryptoPunks #1219 sold for $308,316.94 (130 ETH).
- Autoglyphs #337 sold for $223,153.25 (87.6692 WETH).
- Autoglyphs #337 sold for $171,000.00 (171000 USDC).
- Known Origin #22001 sold for $140,695.52 (55 WETH).
- Autoglyphs #281 sold for $129,684.88 (51 WETH).
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