NFT sales experienced a decline of 11.16% last week compared to the previous week, according to data from cryptoslam.io. Total sales for the week amounted to $144.33 million, with Bitcoin-based NFTs contributing over $49 million. Despite the impressive numbers, sales of digital collectibles on the Bitcoin blockchain dropped by 14.65%.
Ethereum NFTs generated $41.55 million in sales, marking an 11.7% decrease from the week before. Solana NFTs ranked third in sales, earning nearly $26 million, showing a modest increase of 5.73% this week.
Polygon network secured the fourth-highest NFT sales volume, bringing in $9.66 million. However, this figure represented a 14.2% decline compared to the previous week. Immutable network recorded $6.49 million in sales, marking an 8% uptick and making it the only network among the top five to show an improvement in sales volume.
The top-selling NFT collection this week was the Uncategorized Ordinals from the Bitcoin blockchain, with sales totaling $22.9 million. This marked a nearly 30% decrease from the previous week. Mythos’ Dmarket collection claimed the second spot with earnings of $5.817 million, a 17.24% decrease.
On the other hand, the Nodemonkes collection from the Bitcoin blockchain saw a 10.56% increase in sales, reaching $4.77 million from 246 transactions. Other notable collections included Mad Lads, CryptoPunks, Degods, and Solana Monkey Business. The Mad Lads collection on Solana showed the most significant improvement in sales volume with $4.5 million, representing a 130% increase from the previous week.
The most significant and expensive individual NFT sale of the week was Cryptopunk #3619, which sold for $627,991. Solana’s Boogle #064 changed ownership for $192,124, while Mushroom #95 from the BTC network earned $135,096.
The consistent decline in sales week after week indicates a cautious sentiment among collectors. Data from Cryptoslam showed that there were slightly more than 145,000 active buyers in the market over the week, marking an 86% drop from the previous week.