NFT Sales Volume Drops by 9.6% to $160.9 Million as Bitcoin Surges

The global cryptocurrency market capitalization has continued to surge, reaching $3.35 trillion from last week's $3.03 trillion.

As Bitcoin surges toward the $100,000 mark, touching a new all-time high of $99,655.50, Non-Fungible Token (NFT) sales have shown a drop.

According to recent data from CryptoSlam, the NFT market has seen a pullback, with sales volume decreasing by 9.6% to $160.9 million in the last seven days.

The last week's NFT sales volume stood at $178.8 million.

However, the number of NFT buyers has continued to grow, reaching 111,866 last week, marking a 13.16% increase from the previous week.

Ethereum NFT blockchain sales fell to $51.3 million this week, showing a 23.07% decrease in the last seven days.

Despite the decline, the NFT sales on the Ethereum blockchain still account for the majority of the total NFT sales volume.

Bitcoin maintains second spot

Bitcoin maintained its second position despite a 25.67% decrease in the last seven days.

According to the data, Bitcoin blockchain’s NFT volume stood at $44.63 million, with wash trading increasing by 46.05% to $1.57 million.

Solana (SOL) secured the third position with $25.8 million, showing resilience with a 6.73% increase during the last seven days.

Polygon (POL) jumped to fourth place with $13.5 million, displaying a remarkable growth of 289.66% during the last seven days.

Mythos Chain (MYTH) took the fifth position with $10.7 million in sales, showing a marginal decline of 0.71%.

BRC-20 NFTs lead with $16.6 million in sales

BRC-20 NFTs continue to lead with $16.6 million in sales volume, despite a 41.39% decrease.

MGGA Hat on Polygon secured second place with $10 million in sales, while CryptoPunks followed with $9.2 million, showing a 60.26% decrease.

The latest data shows that the following NFT collections topped the sales in the last week:

BRC-20 NFTs, MGGA Hat on Polygon, CryptoPunks, Lost Poets Society on Solana and Moonbirds.