September 28, 2022

MotleyBloggers

News from the world of bitcoin

NFT Weekly Sales Volume Improves Jumping 17% Higher Than the Week Prior

NFT Weekly Sales Volume Improves Jumping 17% Higher Than the Week Prior

After cryptocurrency assets jumped in value this week, following the Federal Reserve’s rate hike on Wednesday, non-fungible token (NFT) weekly sales volume data shows an improvement from last week’s sales metrics. At the time of writing, in terms of seven-day sales volume, the aggregate NFT sales volume increased by 17.86% this week to $457 million.

NFT Sales Rebound — BAYC, MAYC, Meebits Lead the Pack

Non-fungible token (NFT) sales volume has rebounded this week after weeks of sliding sales volumes. According to statistics from cryptoslam.io, out of 15 different blockchain networks, seven-day sales have jumped 17.86% this week. Metrics indicate that the aggregate NFT sales volume during the last week was $457.67 million.

The blockchain Ethereum (ETH) captured the most sales volume with $398 million of the aggregate sold during the week. Ethereum-based NFT sales have increased by 21.61% via 64,347 NFT buyers and 158,169 transactions.

Out of the top ten blockchains by NFT sales volume this week, Avalanche-based NFT sales jumped 41.06%. Other notable sales increases stemmed from Flow up 13.95% and Binance Smart Chain up 17.54% this week.

Metrics further show the top NFT collection rankings by sales volume over the last seven days placing Bored Ape Yacht Club (BAYC) at the top of the rankings. BAYC NFT sales this week jumped 301.26% commanding more than $74.5 million in ether-based sales.

BAYC’s sister NFT project, Mutant Ape Yacht Club (MAYC) also experienced a surge this week. MAYC NFT sales this week have increased by 321.80% with its $52.7 million in volume. The third-largest collection over the last seven days in terms of sales is Meebits, an NFT compilation that jumped 708.11% this week in sales volume.

READ  Rammstein Vocalist in Conflict With Russian Museum Over Unauthorized NFT Sale

In fact, four of the week’s most expensive NFTs sold are Meebit NFTs. The most expensive NFT sale was Meebit #19564 sold for 301.74 wrapped ethereum (WETH) or $833K.

All three of the aforementioned NFT collections also hold the top three floor values today in terms of sales volume. On March 17, 2022, the BAYC collection’s floor value is 89 ether or roughly $250K. MAYC holds the second-highest floor with 17.8 ether or around $50K, while the Meebit’s floor value today is 4.55 ether ($12.7K).

In terms of this week’s top NFT marketplaces by sales volume over the last seven days, Opensea took the top position. Opensea’s sales volume was followed by Looksrare, Bloctobay, Mobox, Atomicmarket, Magic Eden, and Nftrade.

What do you think about the improvement NFT sales saw this week? What do you think about this week’s leading NFT collections? Let us know what you think about this subject in the comments section below.