Non-fungible token (NFT) sales have been lackluster this past week, as the aggregate sales volume during the last seven days has dropped 13.75% since last week. The largest number of sales stemmed from Ronin this week as 45,875 buyers increase Ronin-based NFT sales by more than 72%. The NFT collection that recorded the most sales volume over the last seven days was Clonex as the NFT collection’s sales saw a 94.05% rise.
7-Day NFT Sales Slide by 13.75%
After the week of March 20-26, 2022, Google Trends data shows the search term “NFT” slid from a score of 39 to this week’s score of 37. Since scoring a 100 on the week of January 16-22, 2022, the number of queries worldwide for the search term “NFT” dropped by 63%. Last week, in terms of sales, NFT sales volume increased by 34%, and the NFT collection Azuki was the top-selling collection. Since Bitcoin.com News published the weekly NFT sales report, seven-day statistics show NFT sales are down 13.75%.
Metrics derive from cryptoslam.io rankings and the platform records sales stemming from 15 different blockchains. Ethereum saw the most number of NFT sales during the last week with $570.2 million. All 15 blockchain networks processed approximately $662.4 million over the last seven days. This means more than 86% of all the NFT sales last week stemmed from the Ethereum blockchain. However, Ethereum-based non-fungible token sales dropped 12.55% lower than last week’s ETH-based NFT sales.
The blockchain network Ronin was the leader this week in terms of NFT sales capturing a 72% increase from last week’s numbers. Following Ronin’s NFT sales were the blockchain networks Panini up 25.47%, Cronos NFT sales increased by 24.13%, and Palm sales jumped by 22.70% this week. The biggest blockchain losers in terms of seven-day NFT sales include Tezos down 52.93% and Avalanche down 36.35% since last week.
This week’s top NFT collection in terms of sales is the Clonex NFT compilation which has increased by 94.05%. Clonex has captured $45,945,175 in sales over the last seven days between 487 buyers. Clonex’s seven-day sales stats are followed by Mutant Ape Yacht Club (MAYC), Bored Ape Yacht Club (BAYC), Arcade Land, and Moar respectively. While BAYC was the third-highest last week in sales, BAYC sales volume has dropped by 28.69%.
BAYC still has the most expensive floor price at 109 ether but another collection called PROOF Collective has a floor at 82 ether at the time of writing. The top three most expensive NFT sales this week stemmed from the BAYC collection. Bored Ape Yacht Club 5,149 sold for $797.7K or 245 ether, Bored Ape 7204 sold for $695.8K or 215 ether, and Bored Ape 1131 exchanged hands for $627.2K or 180 ether at the time of settlement.
What do you think about the week’s NFT sales action? Let us know what you think about this subject in the comments section below.
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