The global non-fungible token market has recorded negative growth this past week in terms of trading sale volume. In the past seven days, the NFT market has amassed a trading sales volume of $141 million. The number of NFT investors buying NFTs amid the recent market dip has increased, as evidenced by a +96% increase in buyers to about 407,635. In this article, we shall explore the full state of NFTs in the past seven days.
NFT Sales Fall 10% In The Past 7 Days
Data compiled by CryptoSlam.io, a non-fungible token collection explorer tracking non-fungible token collections from more than 20 blockchain networks, indicates that the global NFT market has slightly fallen in trading sales volume this past week. In the past seven days, the NFT market has amassed a trading sales volume of $141 million. During this time, the NFT market sales have plunged by +10% from the past week.
The number of investors buying and selling non-fungible token collections has increased during recent dips. In the past seven days, NFT buyers have increased by 96% to +400,00. This strong market participation suggests that some NFT investors view the price drops as an opportunity to purchase more NFTs, leading to increased sales volume despite fluctuations in the broader crypto market.
Ethereum, the blockchain network powering the majority of blue-chip NFT collections, including the Bored Ape Yacht Club and Pudgy Penguins, was the most traded blockchain network in the NFT market. In the past seven days, the Ethereum-based NFT collections have amassed a trading sales volume of $85 million. During this time, the Ethereum NFT trading sales volume has fallen by 4.28% from the past week.
Source: cryptoslam.io
Base, a Layer 2 scaling network from the crypto exchange ‘Coinbase’, providing faster, cheaper transactions than the Ethereum mainnet, making it a more accessible and scalable option for NFT users and developers to build and interact with decentralized applications ‘dApps,’ including NFT marketplaces, was the second most traded NFT blockchain in the NFT market this past week. In the past seven days, the Base NFT collection has raised a trading sales volume of +$13 million.
Bitcoin, the popular blockchain network renowned in the global NFT market for hosting Runes, BRC-20, and Ordinal NFT collections, was the third most-traded blockchain network in the NFT market this past week. In the past seven days, the Bitcoin-based NFT collection has amassed a trading sales volume of $9.6 million. During this time, the Bitcoin NFT trading sales volume has plunged by 30% from the past week.
Mythos Chain, a renowned blockchain network that powers the Mythos gaming ecosystem, including non-fungible token games like NFL Rivals and Pudgy Party, was the fourth most traded blockchain network in the global NFT market this past week. In the past seven days, the Mythos Chain-based NFT collections have raised a trading sales volume of $8.2 million, up 3% from the past week.
Solana, a renowned public, open-source blockchain that supports smart contracts, including non-fungible tokens and a variety of decentralized applications, was the fifth most traded blockchain network in the NFT market this past week. In the past seven days, the Solana-based NFT series has recorded a trading sales volume of $5 million. During this period, Solana NFT trading sales volume has plunged by 18% closing our five most traded NFT chains this past week.
Top Selling NFTs This Past Week
1. The 45.com NFT Collection
The 45.com NFT collection was the top traded NFT collection in the NFT market this past week. 45.com is a non-fungible token collection on the Ethereum blockchain network associated with a blockchain-based lottery platform. In the past seven days, the 45.com NFT collection has raised a trading sales volume of $31 million. During this time, the 45.com NFT trading sales volume has surged by over 20,000% from the previous week.
2. DX Terminal NFT Collection
DX Terminal, a non-fungible token collection created on the Base blockchain network, was the second most traded non-fungible token series this past week in the global non-fungible token market. In the past seven days, the DX Terminal NFT collection has recorded a trading sales volume of $10 million. During this period, the DX Terminal NFT trading sales volume has plunged by 25% from the previous week.
Source: cryptoslam.io
3. Pudgy Penguins NFT Collection
Pudgy Penguins, a globally acknowledged non-fungible token collection from the digital asset firm Igloo, featuring a limited edition of 8,888 penguins hosted on the Ethereum, was the third most traded NFT collection in the NFT market this past week. In the past seven days, the NFT collection has amassed a trading sales volume of $8.7 million. Pudgy Penguins NFT trading sales have plunged by 26% from the previous week.
4.DMarket NFT Collection
DMarket, a non-fungible token collection representing in-game virtual items from popular online games like Counter-Strike, Rust, and Dota, was last week’s fourth most-selling NFT collection in the global NFT market. In the past seven days, the DMarket NFT collection has raised a trading sales volume of $8. million. During this time, the DMarket NFT trading sales volume has surged by 2.94% from the past week.
5. Moonbirds NFT Collection
Moonbirds, another globally acknowledged non-fungible token collection featuring a limited set of 10,000 pixilated profile pictures previously created on the Ethereum blockchain network by the digital asset company Proof Collective, but now managed by the Orange Cap Games, was last week’s fifth most-selling NFT collection in the global NFT market. In the past seven days, the Moonbirds NFT collection has attracted a trading sales volume of +$3.4 million, down 52% from the previous week.
6. Bound Token Lockup Plan NFT Collection
Bound Token Lockup Plan, a new non-fungible token series created exclusively on the Ethereum blockchain network, was this past week’s sixth most-selling non-fungible token collection in the global NFT market. In the past seven days, the Bound Token Lockup Plan NFT series has raised a trading sales volume of +$3.1 million. This NFT collection landed in the NFT market earlier this past week.
Source: cryptoslam.io
7. Lil Pudgy NFT Collection
Lil Pudgy, a renowned non-fungible token collection from the Pudgy Penguins creator, featuring a fixed set of 22,222 penguins hosted on the Ethereum blockchain network, was this past week’s seventh most-selling NFT collection in the NFT market. In the past seven days, Lil Pudgy has raised a trading sales volume of $3.1 million. During this period, the Lil Pudgy NFT trading sale volume has plunged by 32% from the past week.
8. Good Vibes Club NFT Collection
Good Vibes Club, a high-end art non-fungible token collection featuring a limited set of 6,969 profile pictures created by award-winning animation studio Toast, in partnership with the NFT marketplace, SuperRare, was last week’s eighth most-selling NFT collection in the NFT market. In the past seven days, the Good Vibes Club NFT series has raised a trading sales volume of $3 million.
9. Guilds Of Guardians Heroes NFT Collection
Guild of Guardians (GoG) Heroes, a renowned non-fungible token collection from the Guild of Guardians, a multiplayer, action, mobile fantasy role-playing game allowing players to role-play as heroes and go through dungeons to gather resources, was last week’s ninth most-selling NFT collection. In the past seven days, the Guild of Guardians Heroes NFT collection has recorded a trading sales volume of $2.9 million.
10. Chimpers NFT Collection
Chimpers, a non-fungible token collection featuring a limited set of 5,555 unique pixel art characters on the Ethereum blockchain, created by pixel artist Timpers, was last week’s tenth most-selling non-fungible token collection in the NFT market. In the past seven days, the NFT collection has recorded a trading sales volume of $2.7 million. During this time, the Chimpers NFT sales volume has surged by 333% from the past week.
The NFT Market Prediction
The global non-fungible token market is currently undergoing a period of significant and historic evolution, moving from speculative hype to real-world utility in gaming, collectibles, real estate, and intellectual property (AI). Moreover, the NFT sector is maturing with a focus on sustainable growth, increased institutional adoption, and regulatory clarity. In light of this evolution, the NFT market is expected to surge in the coming months and possibly retest a bull run before the end of this year.
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