NFT Weekly Sales Plunge By 2.25% To $106M

The non-fungible token market continues to showcase a strong resilience amid the recent general crypto market meltdown, which has left the flagship crypto “Bitcoin” below $115,000. In the past seven days, the global NFT market has raised a trading sales volume of $106 million. Nonetheless, the non-fungible token trading sales volume has reduced by 2.25% during this time.

NFT Sales Plunge By 2.25% This Week

Data compiled by CryptoSlam.io, an on-chain crypto market data aggregator and a multi-chain non-fungible tokens explorer tracking non-fungible token collections from +20 blockchain networks, shows that the global non-fungible token market has slightly plunged in trading sales volume this week. From September 15 to September 21, the global NFT market has recorded a trading sales volume of $106 million, down 2.25% from the past week.

Despite the recent short plunge, the number of crypto traders buying the non-fungible token dip has sharply increased this week. From September 15 to September 21, the global non-fungible token market has seen over 285,000 traders buying digital collectibles. These figures have risen by 42% from the past week. During this time, the global NFT market has seen over $1.6 million transactions this week, down 7.2% from the previous week.

Ethereum, a blockchain network renowned in the non-fungible token market for hosting most of NFTs, has been the most traded blockchain network in the global NFT market this week. From September 15 to September 21, the Ethereum-based NFT collections have raised a trading sales volume of $45 million. During this period, the Ethereum NFT sales volume risen by 28% from the past week.

Source: CryptoSlam.io

Mythos Chain, a renowned blockchain network ensuring secure and efficient NFT transactions across the entire Mythos gaming ecosystem, is this week’s second most-traded NFT blockchain network. From September 15 to September 21, the Mythos Chain-based NFT collections raised a trading sales volume of $11 million. During this period, the Mythos chain NFT sales fell by 27% from the past week.

Bitcoin, the blockchain network renowned in the NFT market for powering the Bitcoin Runes, Ordinals, and BRC-20 NFT collections, is this week’s third most-traded network in the NFT market. From September 15 to September 21, the Bitcoin-based NFT series raised a trading sales volume of $9.6 million. During this time, the Bitcoin NFT sales have fallen by 2.1% from the past week.

Immutable, the leading Layer 2 blockchain network suitable for non-fungible token collections trading and blockchain gaming, is this week’s fourth most traded blockchain network in the non-fungible token market. From September 15 to September 21, the Immutable-based NFT series raised a trading sales volume of $8.7 million. During this time, the Immutable NFT trading sales volume has surged by 1.41% from the past week.

BNB Chain, a renowned blockchain network from the popular crypto exchange ‘Binance’ known for its fast transaction speeds, low transaction costs, and Ethereum compatibility, making it an accessible platform for creating and trading non-fungible tokens, is this week’s fifth most traded NFT chain in the NFT market. From September 15 to September 21, the BNB Chain-based NFTs amassed a trading sales volume of $8.1 million.

Top Selling NFTs This Week

1.DMarket NFT Collection

DMarket, a renowned non-fungible token collection that specifically represents in-game virtual items, particularly for online non-fungible token games like Counter-Strike and Dota 2, is this week’s most-selling NFT collection in the global NFT market. From September 15 to September 21, the DMarket NFT collection raised a trading sales volume of $6.7 million. During this time, the DMarket NFT trading sales volume plunged by 38% from the past week.

2. CryptoPunks NFT Collection

CryptoPunks, a globally acknowledged non-fungible token collection featuring a limited edition of 10,000 pixilated NFTs previously from the digital asset firm Larva Labs but now managed by Infinite Node Foundation, is this week’s second most-selling NFT collection in the global NFT market. From September 15 to September 21, the CryptoPunks NFT collection raised a trading sales volume of $5.5 million. During this time, the CryptoPunks NFT sales volume has surged by 16% from the past week.

Source: CryptoSlam.io

3. Moonbirds NFT Collection

Moonbirds, a non-fungible token collection featuring a limited edition of 10,000 pixilated NFTs previously created by the digital asset incubation studio Proof Collective but now managed by the Orange Cap Games, is this week’s third most selling NFT series in the global NFT market. From September 15 to September 21, the Moonbirds NFT series raised a trading sales volume of $5.2 million.

4. Guilds Of Guardians Heroes

Guild of Guardians Heroes, a renowned non-fungible token collection from the mobile fantasy role-playing game Guild of Guardians featuring a limited edition of 10,000 digital items hosted on the Immutable network, is this week’s fourth most-selling NFT collection in the NFT market. From September 15 to September 21, the Guild of Guardians Heroes NFT collection recorded a trading sales volume of $5.1 million, up 15.36% from the past week.

5. Bored Ape Yacht Club NFT Collection

Bored Ape Yacht Club, a globally acknowledged non-fungible token series from the digital asset incubation studio Yuga Labs, featuring a fixed edition of 10,000 ape NFTs created on the Ethereum network, is this week’s fifth most-selling NFT collection in the global NFT market. From September 15 to September 21, the Bored Ape Yacht Club NFT series raised a sales volume of $4.4 million. The Bored Ape NFT trading sales volume has surged by 79% from the past week.

The NFT Market Prediction

Despite recording a strong July and August, the global non-fungible token market has seen a notable cooling in early September, with trading sales volumes dropping to their lowest since mid-June. However, the NFT market trading sales have since picked up again, with weekly sales volume rising to nearly $110 million and buyer activity rebounding in the week ending on September 21. The NFT market surge is expected to continue in the coming weeks and months.

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