NFT sales continue to decline with Ethereum NFT sales dominating
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Answer NFT sales continue to decline with Ethereum NFT sales dominating
This week’s NFT sales fell 5% less than last week, and Ethereum NFT sales accounted for 76.8% of the total volume.
On Monday, December 5, 2022, market data showed that non-fungible token (NFT) sales fell 5.23% less than last week’s sales despite a 15.16% increase in NFT purchases.
Of the $112.70 million in NFT sales volume over the past week, Ethereum-based NFT sales amounted to $86.59 million or 76.8% of the $112 million in total sales volume.
Seven-day NFT sales fell 5.23% less than last week, and Cryptopunk #4181 sold for $187K in the highest NFT sale of the week.
Nearly $112.70 million in NFT sales volume was recorded over the past seven days, according to cryptoslam.io stats.Read:Bitcoin Fear and Greed Index Drops to 2019 Levels…Details Here
The volume is 5.23% lower than last week’s sales volume and metrics show that there was a 2.4% increase in NFT transactions.
Most of the sales volumes originated from Ethereum-based NFTs, as there were $86.59 million in Ethereum-based NFT sales over the past seven days.
However, Ethereum-based NFT sales are 10.06% lower than in the week before last.
Solana NFT sales saw an increase of 29.57% and it recorded $16.11 million in NFT sales over the past week.
Algorand saw an even sharper increase of 55.15% above ALGO-based NFT sales last week, but ALGO NFTs only saw $93,242 in total sales over the past week.
The most expensive NFT sold over the past week was Cryptopunk #4181, an Ethereum-based NFT that sold for $187,000 two days ago.
It was followed by Cryptopunk #4181 BAYC #276 which sold for $179K and Azuki #9143 which sold for $174K.Read:ADA Token… Now you can staking via Yoroi Wallet
At the time of writing this article, between Cryptopunks and BAYC Group, BAYC has the lowest price.
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