NFT Market Sees 20% Drop in Weekly Sales After a Few Weeks of Gains

NFT Market Sees 20% Drop in Weekly Sales After a Few Weeks of Gains

After several weeks of consecutive gains, sales of non-fungible tokens (NFTs) have slumped 20.44% this week compared to the previous week. According to seven-day statistics, NFT sales totaled $152.96 million last week, with $84 million in sales originating from the Ethereum blockchain.
This Week’s NFT Sales Follow Crypto Market’s Nosedive
Sales of non-fungible tokens (NFTs) have nosedived more than 20% over the past seven days compared to the previous week. The decline follows several consecutive weeks of gains, during which Bitcoin (BTC)-based NFTs gained significant prominence. In the last seven days, NFT sales totaled $152.96 million, and the number of NFT buyers decreased by 63.59%. Ethereum-based NFT sales accounted for $84 million, representing 54.91% of the market share among 21 different blockchains.

Ethereum-based NFT sales, however, have dropped 34% compared to the previous week. Bitcoin-centric NFTs still hold the second position in terms of sales, with $29.41 in record

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We współpracy z: https://news.bitcoin.com/nft-market-sees-20-drop-in-weekly-sales-after-a-few-weeks-of-gains/

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