During the first week of H2 2023, non-fungible token (NFT) sales witnessed a 23.39% decline compared to the previous week, marking a two-week downward trend. A total of $195.95 million worth of NFT sales occurred, with Ethereum-based NFTs accounting for $130.77 million.
NFT Sales Take a Hit: Week-Over-Week Drop of 23% in the First Week of July 2023
Cryptoslam.io data reveals a 23.39% drop in NFT sales this week compared to the earlier week. Along with this downturn, there was a notable 96.48% decrease in NFT buyers and a 15.26% slide in the number of NFT sales. ETH-based NFT sales led the pack with 66.73% of total sales, reaching $130.77 million last week.
Despite their dominance, ETH NFT sales saw a 14.77% dip compared to the previous week. Among 22 networks, Bitcoin (BTC) ranked second in terms of sales, recording $23.37 million last week and experiencing a 34.99% slump week-over-week. Ethereum and Bitcoin were followed by Solana, BNB, and Polygon in weekly sales.
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