According to the latest report, NFT revenue fell 25.48% from the previous week. Four of the top five blockchain platforms involved in NFT transactions were affected by this decline. Despite this decline, Bitcoin remains the top seller of NFTs, although its value fell significantly by 35.63% to $111.8 million.
The performance of leading blockchain platforms
Ethereum sales also declined, down 20.38% to $49.58 million. Solana, known for its fast transactions and expanding NFT ecosystem, saw sales drop 17.13% to $34.82 million. Polygon bucked the trend, with sales reaching $15.4 million, an increase of 33.21%.
Among the many series, Mythos ranked fifth in sales this week, with a cumulative transaction volume of US$6.56 million. Despite a slight drop of 8.07% from the previous week, it remains a compelling contender. Bitcoin’s Uncategorized Ordinals remains at the top of the list despite a massive 42.26% drop in sales, with sales totaling $32.89 million. The WZRD BRC20 series followed closely, with a significant growth of more than 160% compared with the previous week, with sales reaching US$21.05 million.
Learn more about collection performance
During this period, the third highest-grossing series was PUPS BRC20, with sales of $14.96 million. But it dropped sharply by 64.91% from last week. Notably, four of the top five series originate from the Bitcoin blockchain. The highest-priced NFT sold during this period was the BTC-based NFT from the PUPS BRC20 series, which sold for $317,718, while the Ethereum-based Cryptopunk #4,473 was close behind in second place, selling for $231,801. .
As the NFT market goes through a cooling period, these fluctuations reflect broader trends in non-fungible token participation and technology adoption. Despite the economic downturn, things remain volatile but fascinating. Even dominant platforms like Bitcoin are facing significant declines, highlighting the dynamic nature of the market. Nonetheless, innovative series and excellent sales continue to attract enthusiasts, demonstrating that its appeal continues despite the ebb and flow of the market.
