According to recent statistics, non-fungible token (NFT) sales have surged by 43.97% in the past week, exceeding $397.86 million, with Ethereum blockchain accounting for over 90% of total sales. This surge has seen a significant increase in the number of buyers, with more than 345,716 recorded over the last seven days.
Ethereum Blockchain Dominates NFT Sales
Sales of non-fungible tokens (NFTs) on the Ethereum blockchain accounted for over 90% of the total sales, representing $360.32 million. This figure represents a 54.77% increase from the previous week. Solana-based NFT sales followed with $18,790,359, a 7.47% decrease from the previous week.
Other popular blockchain platforms such as Polygon, Immutable X, and Binance Smart Chain followed, with NFT sales of $11,644,281, $3,977,295, and $2,127,190, respectively.
Top-Selling NFT Collections
Otherdeed was the best-selling NFT collection this week, with total sales of $47,043,296, a 160.21% increase from the previous week. Azuki, Moonbirds, Mutant Ape Yacht Club (MAYC), and Bored Ape Yacht Club (BAYC) followed. Azuki’s sales increased by 174.98% this week, while Moonbirds’ NFT sales rose 502.43% from last week.
NFT Marketplaces Performance
Blur, a new NFT marketplace, outpaced the leading market, Opensea, this week, according to weekly metrics from both Dappradar.com and Dune Analytics. Dune’s statistics show that Blur captured more than 66% of the market share, while Opensea accounted for 23.9%. Dappradar.com shows that the top five marketplaces this week across various chains were Blur, Opensea, X2Y2, Immutable X Marketplace, and Lookrare, respectively.
Conclusion
Non-fungible tokens have continued to surge in 2023, with Ethereum leading the way in NFT sales. The sales of NFTs and the number of buyers have significantly increased in the past week. The top-selling collections and marketplaces have also seen a notable shift. With the current trends in NFT sales, it will be interesting to see how the market evolves in the coming weeks.
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