Despite Modest Gains to the Broader Crypto Economy, NFT Sales Contracted by Almost 40% in April

Non-fungible token (NFT) sales continue to erode, with $388.77 million in transactions finalized throughout April—a drop of 39.62% compared with March.

Non-fungible token (NFT) sales continued to decline in April, with $388.77 million in transactions finalized over the past 30 days—a 39.62% decrease from March, according to data from cryptoslam.io.

On the demand side, the number of NFT buyers decreased by 48.46% from the previous month, while the number of NFT sellers went down by 39.05%.

The total volume of NFT transactions also plummeted, with a 54.12% decrease in April compared with the prior month.

Among the various blockchains, Ethereum, Polygon, and Bitcoin were the top three in terms of NFT sales.

Ethereum-based NFT sales amounted to $108.19 million, indicating a 44.86% reduction over the previous 30 days.

Polygon followed with $73.84 million, registering a 42.4% slide from March. Meanwhile, Bitcoin NFTs reached $62.45 million, showing a 27.25% decline from the prior month.

Flow emerged as the eighth most active blockchain in April, with $5.94 million in NFT sales—an increase of 14.9% over the same period last year.

The leading NFT collection of the month was Courtyard on Polygon, which generated $66.42 million in sales, showcasing a 20.9% rise.

Polkdot’s Mythos-backed Dmarket claimed second place with $39.72 million in sales.

Ethereum’s Cryptopunks NFT collection ranked third in April, bringing in $18.22 million during the same period.

The most expensive NFT sale of the month was Cryptopunk #3100, which sold for $6.04 million.

An Uncategorized Ordinal was sold eight days ago for $558,755, claiming the second spot.

Rounding out the top three was a gUSDC locked deposit NFT issued on Arbitrum, which sold for roughly $500,000 over three weeks ago.