Sales of non-fungible tokens (NFTs) have taken another hit, declining over 10% from the previous week, with transactions totaling $85,046,840 since Saturday, August 26, 2023. This marks the third consecutive week of falling NFT sales, reflecting the broader crypto economy’s downturn and its significant impact on the NFT marketplace.
Can NFTs Rally in September? Recent 3-Week Sales Trend Casts Doubt
Cryptoslam.io reports that in the past week, NFT sales have seen a 10.71% decline, while the volume of NFT transactions has fallen by 17.15% compared to the previous week. Interestingly, the number of NFT purchasers surged, showing a 20.35% increase from the week before. Data compiled on September 2, 2023, at 9 a.m. (ET), spanning the last seven days since August 26, reveals that Ethereum-based NFTs dominated the market, raking in $47,876,781. However, it’s worth noting that ETH NFT sales have decreased by 18.75% this week.
Following Ethereum in NFT sales were Mythos, Solana, Polygon, an
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