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NFT sale increased 2 percent despite a decline in buyer & transactions

Despite the fact that NFT sales are far lower than they were a few months ago, they increased 1.9% this past week with $85,068,480 in sales volume, according to cryptoslam.io. This week's top collection, which sold the most NFTs, came from Sorare, an Ethereum-based project that generated $8.5 million in revenue.



24-Oct-2022 By: Rohit Tripathi
NFT sale increased 2

With $85 million in NFT sales over the course of seven days, 

Non-fungible token (NFT) sales volume managed to increase 1.9% over the previous week.

On October 23, 2022, however, there were 12.63% fewer NFT buyers and 19.19% fewer NFT transactions.

NFT Transactions Fall by 19% as NFT Sales Record a Slight Uptick

Despite the fact that NFT sales are far lower than they were a few months ago, they increased 1.9% this past week with $85,068,480 in sales volume, according to cryptoslam.io. This week's top collection, which sold the most NFTs, came from Sorare, an Ethereum-based project that generated $8.5 million in revenue.

In terms of sales over the course of seven days, Bored Ape Yacht Club (BAYC) came in second place, bringing in $6.69 million. Gods Unchained, Azuki, and Cryptopunks are among the top five selling NFT collections this week in addition to Sorare and BAYC.

Out of the 17 blockchains listed on cryptoslam.io, Ethereum sells the most. Out of the total $85 million in NFT sales over the past week, the Ethereum (ETH) network saw sales of $64.48 million. This week's ETH-based NFT sales were 10.7% greater than those from the previous week.

In terms of NFT sales per blockchain, Solana, Immutable X, Flow, BNB, and Ronin occupy the top five spots, followed by ETH. Immutable X NFT sales increased 79.88% over the previous week, while Solana NFT sales decreased by 29.13%.

Digidaigaku #1632 - Ifrit, which sold for $262K four days ago, and V1 PUNK #6915, which sold for $236K, were the two most expensive NFT sales this past week. Azuki #1582, Bored Ape #3429, and Bored Ape #8477, in that order, came after V1 PUNK #6915.

According to statistics from Nftpricefloor.com, the BAYC collection is currently the most costly floor value, followed by the Cryptopunks collection. The Mutant Ape Yacht Club (MAYC), The Sandbox, and Autoglyphs are placed after BAYC and Cryptopunks, respectively. The least priced BAYC at the time of writing is 71.69 ETH, or $93,986.



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