non-fungible tokens (NFT) have managed to remain stable this week, while the crypto economy has suffered more losses over the past seven days. The previous week saw $152.9 million in NFT sales across 18 blockchains, and over the past week, $154.3 million in sales were executed. While Ethereum had the most NFT sales this week, the chain’s Ethereum-based NFT sales fell by 9.23%.
NFT avoids crypto recession this week as NFT sales grow slightly
At the time of writing, approximately $154,366,090 in NFT sales were recorded across 18 different blockchains, a metric higher than the previous week About 0.96% higher. NFT collection Boring Ape Yacht Club (BAYC) had the highest sales of all NFT collections with sales of $13,292,929, up 1.01% over the past seven days.
In the past 24 hours, BAYC’s floor price has dropped to 85.99 ETH ($90,000), which is 1.2% lower than the previous day. Across more than 158 transactions, BAYC had 99 buyers purchase the Boring Ape NFT this week.
Seven-day NFT sales data via cryptoslam.io on July 2, 2022.
The second best-selling series this week is Sorare, priced at $11,293,496. Sales in Sorare were up 201% from the previous week, with 142,903 transactions and 13,492 buyers. Sorare was followed by Otherdeed, which saw a weekly sales increase of approximately 63.65%, with sales increasing by $10,112,650.
While Ethereum’s overall sales ($107,656,971) were 9.23% lower than last week, several other blockchains saw a surge in weekly sales. Fantom saw the biggest increase this week as NFT sales increased by 10,616% on-chain last week.
Panini recorded a growth of 228.58%, BNB soared 148.97%, and Flow blockchain NFT sales increased by 112.53%. Over the past seven days, 13 of 18 blockchains have seen increases in NFT sales, while chains such as Ethereum, Palm, Arbitrum, Cronos and OEC have all seen sales declines.
The most expensive NFT sales of the week were Otherdeed 6, which sold for 249.46 ether, or $309K USD, Boring Ape, which sold for 211 ETH, or $232,320, and Boring Ape 2, which sold for 896 ETH or $205,000. The top five most expensive NFT sales of the past week include an Otherdeed sale and four Boring Apes.
Opensea was the largest NFT market this week with sales of $113 million, but sales fell by 17.24%. Opensea was followed by X2Y2 with $15.33 million in NFT sales and Magic Eden with $15.04 million in sales.
After becoming the second-largest NFT market by sales a few months ago, this week, Looksrare now holds the fourth-largest NFT market with $7.12 million in sales, down 3.66% from the previous week.
The largest base price increases in the past 24 hours have come from NFT series such as Impostor Genesis Alien, Lost Poet, Sneaker Head Official, Lilheroes and Creature World.
On June 20, 2022, NFT 30-day sales fell by 74.44%, but monthly sales before July 2 fell by 65.15%, which means sales improved slightly.
