NFT Sales Fall 8% Again This Week – How Low Can NFTs Go This Bear Market?

The non-fungible token market continues to expertise destructive week-over-week progress after the current crypto market hype that fueled its resurgence pale. The NFT market retested a large market rally earlier this yr, following the then extremely anticipated Bitcoin halving occasion.

NFTs Fall Once more In Gross sales This Week

In March 2024, the crypto market underwent a rally, which pushed the flagship crypto, Bitcoin, to new all-time highs. The rally additionally fueled the resurgence of some NFT collections, together with the BRC-20 NFT collections, Bitcoin Ordinals, and ERC-404 NFT collections. Sadly, this quick crypto and NFT bullish season didn’t final lengthy.

Information compiled by cryptoslam.io, an on-chain crypto market aggregator and a multi-chain non-fungible token explorer, reveals that the non-fungible token market has but suffered one other week of market downturn. Up to now seven days, the worldwide NFT market has amassed a buying and selling gross sales quantity of $150 million, representing an 8.66% decline from the previous week.

Nonetheless, the variety of non-fungible token traders buying this dip has skyrocketed this week. Up to now seven days, the variety of traders shopping for NFTs has risen to 478,480, representing a 213% enhance from the earlier week. The variety of traders who offered their NFTs additionally elevated 172% this week.

Bitcoin Leads In NFT Gross sales This Week

Bitcoin, the blockchain community powering the flagship crypto Bitcoin and famend within the non-fungible token marketplace for its Bitcoin ordinals and BRC-20 NFT collections, is the dominant NFT blockchain this week. Up to now seven days, Bitcoin-based NFT collections have recorded a buying and selling gross sales quantity of $47 million, down 5.15% from the earlier week.

Supply: cryptoslam.io, NFT gross sales by blockchain networks up to now seven days

Ethereum, the blockchain community powering the second largest crypto asset, Ether, and famend within the non-fungible token marketplace for its big selection of blue-chip NFT collections, is the second most traded NFT blockchain this week. Up to now seven days, Ethereum-based NFT collections have recorded a buying and selling gross sales quantity of $37 million, which has declined by 7.35% from the earlier week.

Solana, an open-source blockchain that helps good contracts, together with non-fungible tokens and quite a lot of decentralized purposes, is the third most-traded blockchain community within the NFT ecosystem this week. Up to now seven days, the Solana-based NFT collections have raised a buying and selling gross sales quantity of $18 million, however the Solana NFT buying and selling gross sales quantity has declined by 29% from the previous week.

Blast, an Ethereum layer two blockchain community from the Blur NFT market, and Polygon, an Ethereum scaling resolution, are the fourth and fifth most-traded NFT blockchain networks this week. Up to now seven days, the Blast-based NFT collections have recorded a gross sales quantity of $14 million, whereas Polygon-based NFT collections have amassed a gross sales quantity of $20 million.

Prime Promoting NFTs In The Previous 7 Days

Supply: cryptoslam.io, top-selling NFT assortment up to now seven days

1. Bitcoin Uncategorized NFT Assortment

Bitcoin Uncategorized, a veteran non-fungible token assortment created on the Bitcoin blockchain community utilizing the ordinal protocol, is that this week’s top-selling NFT assortment. Up to now seven days, the Bitcoin Uncategorized NFT sequence has amassed a buying and selling gross sales quantity of $17 million, however gross sales have plunged by 24% from the earlier week.

2. Fantasy Prime NFT Assortment

Fantasy Prime, a non-fungible token from the now standard digital buying and selling card recreation Fantasy, high crated on the Blast Layer 2 community, is that this week’s second most-selling NFT assortment. Up to now seven days, the Fantasy Prime NFT assortment has recorded a buying and selling gross sales quantity of $14 million. Fantasy Prime NFT gross sales have declined 24% from the previous week.

3. DMarket NFT Assortment

DMarket, a non-fungible token assortment from the DMarket, a market to commerce digital objects and know-how for constructing metaverses, is that this week’s third most-selling NFT assortment this week. Up to now seven days, the DMarket NFT assortment has recorded a buying and selling gross sales quantity of $5.8 million.

4. NodeMonkes NFT Assortment

NodeMonkes, one other non-fungible token assortment created on the Bitcoin community leveraging the distinctive capabilities of the Ordinals protocol, is that this week’s fourth top-selling NFT assortment. Up to now seven days, the NodeMonkes NFT assortment has amassed a buying and selling gross sales quantity of $5.6 million. The NodeMonkes NFT gross sales have surged 18.15% from the previous week.

5. Guild Of Guardians NFT Assortment

Guild of Guardians, a non-fungible token assortment from Guild of Guardians, a cellular RPG the place gamers take groups of heroes by way of difficult dungeons to gather assets, is that this week’s fifth most-selling NFT assortment. Up to now seven days, the Guild of Guardian NFT assortment has amassed a buying and selling gross sales quantity of $4.17 million. The Guild of Guardian NFT gross sales quantity has elevated by 56% from the previous week.

Supply: cryptoslam.io, top-selling NFT assortment up to now seven days

6. $Core BRC-20 NFT Assortment

$Core, a brand new non-fungible token assortment created on the Bitcoin blockchain community utilizing the BRC-20 protocol, is that this week’s sixth most-selling NFT assortment. Up to now seven days, the $Core BRC-20 NFT assortment has attracted a gross sales quantity of $3.4 million. The $Core BRC-20 NFT buying and selling gross sales quantity has surged 36% from the previous week.

7. CryptoPunks NFT Assortment

CryptoPunks, a non-fungible token assortment beforehand from the digital asset agency Larva Labs that includes a restricted provide of 10,000 pixilated NFTs hosted on the Ethereum blockchain community, is that this week’s seventh most-selling NFT assortment. Up to now seven days, the CryptoPunks NFT assortment has attracted a buying and selling gross sales quantity of $3.1 million.

8. Solana Monkey Enterprise NFT Assortment

Solana Monkey Enterprise, a non-fungible token assortment of 5000 distinctive 24×24 pixels randomly generated Monkeys saved on the Solana blockchain community, is that this week’s eighth most-selling NFT assortment. Up to now seven days, the Solana Monkey Enterprise NFT assortment has raised a buying and selling gross sales quantity of $2.2 million.

9. DeGods NFT Assortment

DeGods, a non-fungible token assortment from the digital asset agency DeLabs that includes a hard and fast provide of 10,000 hosted on the Ethereum blockchain community, is that this week’s ninth most-selling NFT assortment. Up to now seven days, the DeGods NFT assortment has recorded a buying and selling gross sales quantity of $2.2 million.

10. Mad Lads NFT Assortment

Mad Lads, a non-fungible token assortment from the Solana infrastructure growth mission Coral that includes a restricted version of 10,000 NFT collections, is that this week’s tenth most-selling NFT assortment. The Mad Lads NFT assortment has amassed a buying and selling gross sales quantity of $2.1 million up to now seven days, closing our ten top-selling NFT collections this week.

Prime NFT Gross sales In The Previous 7 Days

CryptoPunks #741 is the costliest NFT assortment offered this week, promoting at $792,046 six days in the past. An $ORDI BRC-20 NFT assortment is the second most expensive NFT assortment offered this week, promoting for $681,497 three days in the past. Mad Lads #3919 is that this week’s costliest NFT assortment, promoting for $73,368 six days in the past.

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