The NFT market fell 12% this week. Trading sales decreased to $90 million. The Bitcoin market as a whole has been shrinking. Other cryptoassets, such as Bitcoin, fell in value. Data from CryptoSlam.io has proven the decline of the NFT market. In the seven days before the decline, market trading volume reached $90 million. This decline highlights the ongoing challenges facing the NFT industry.
Source: CryptoSlam.io
Ethereum leads NFT trading
Ethereum remains the top blockchain for NFTs. It drove sales of the line to $34 million in the past week. This is a 9.92% increase from last week.
Source: CryptoSlam.io
The second most traded NFT blockchain is called Solana. However, its transaction volume of $17 million fell by 30%. Suchlana makes decentralized applications and smart contracts possible.
Bitcoin also supports NFT collections such as ordinal numbers, runes, and BRC-20. The Bitcoin NFT collection has a transaction volume of $14 million. This was a 17% decrease from the previous week.
The fourth largest NFT transaction is Polygon. Its trading volume this week was $8.7 million. This is a 9.80% decrease from last week.
Immutable X and BNB Chain rank sixth and fifth respectively in NFT transactions. The NFT based on Immutable X traded for $4.9 million, while the NFT based on the BNB chain traded for $3.7 million.
Best Selling NFT Series
sister
Sorare is the best-selling NFT series this week. It features digital trading cards of football players from around the world. The trading volume of the Sorare NFT series reached $3.8 million. This was a 42% increase from the previous week.
Source: CryptoSlam.io
Doug Zukey
DogeZuki is the second best-selling NFT series. On the Solana blockchain, it offers 2,800 digital items designed in Shiba Inu style. Transaction volume for the collection was $6.5 million, an increase of 3.5% from the previous week.
Guardian Guild
Guild of Guardians is a popular NFT role-playing game. Its NFT line was the third-highest-selling product of the week. The trading volume reached US$3.2 million, an increase of 5.52% from last week. Players can collect redeemable resources in the game.
Bored Ape Yacht Club
The famous NFT series is called Bored Ape Yacht Club. There are 10,000 NFTs on the Ethereum blockchain. This week, the collection brought in approximately $3.2 million in transactions. This was a 135% increase from the previous week.
Cryptopunk
CryptoPunks is another popular NFT series managed by Yuga Labs. It also has 10,000 NFTs on the Ethereum blockchain. CryptoPunks’ total trading volume this week has reached $3.2 million.
