NFT Sales Volume Plummets From Recent Highs: Is the Hype Over?
Only weeks ago, it seemed impossible for the digital art market to cool off. Throughout February, the non-fungible token (NFT) craze was in full spotlight, with the mania reaching its peak with the record setting $69 million Beeple auction. At its height, even Tesla’s CEO Elon Musk tweeted about selling his NFT. But as the novelty began to wear off and speculators moved on, the NFT market has been in a continuous downtrend. Sales figures […]
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According to current metrics, non-fungible token (NFT) sales have dropped 29.35% since last week. While Ethereum and Solana are the two blockchains with the most NFT sales volume, both blockchain networks have seen NFT sales nosedive anywhere between 27% to 32% over the last seven days. Weekly Non-Fungible Token Sales Plummet Despite Recent $23 Million Cryptopunk Sale Non-fungible token (NFT) sales volume is down this week despite Cryptopunk #5822 selling for 8,000 ether worth $23 million. According to today’s statistics stemming from cryptoslam.io, during the last seven days,....
After cryptocurrency assets jumped in value this week, following the Federal Reserve’s rate hike on Wednesday, non-fungible token (NFT) weekly sales volume data shows an improvement from last week’s sales metrics. At the time of writing, in terms of seven-day sales volume, the aggregate NFT sales volume increased by 17.86% this week to $457 million. NFT Sales Rebound — BAYC, MAYC, Meebits Lead the Pack Non-fungible token (NFT) sales volume has rebounded this week after weeks of sliding sales volumes. According to statistics from cryptoslam.io, out of 15 different....
With the help of the Bored Ape Yacht Club’s Otherside land sale, non-fungible token (NFT) sales have increased a great deal this week. NFT sales increased 74.77% during the last seven days, capturing $1.71 billion in sales volume among 266,918 traders.
7-Day NFT Sales Volume Jumps 74% to $1.71 Billion, Otherdeed NFT Collection Captures $787 Million in Global Sales
NFTs have done well this week as far as sales are concerned, and across 1,075,588 transactions during the last seven days, $1.71 billion in sales volume has been recorded. The sales volume is 74.77% higher than....
Non-fungible token (NFT) sales have dropped considerably during the last month as cryptocurrency values have seen significant losses in recent times. NFT sales saw a quick spike when a number of crypto assets neared all-time price highs in mid-November, but sales quickly plummeted back down following the crypto market downturn. A Number of NFT Sales Slide Following Crypto Market Downturn Throughout the year, NFTs have seen massive demand and markets have processed billions of dollars in sales. In the midst of the all-time highs bitcoin, ethereum, and numerous other crypto assets saw in....
A DappRadar report found that while trading volumes have taken a sharp hit during Q3, the average number of NFT sales for these 10 projects only decreased by 11.55%. Third-quarter trading volume for the top 10 Metaverse projects may have fallen 80% compared to the second quarter, but analytics firm Dappradar suggests that interest in virtual worlds still remains.The Metaverse sector has been hit with a fair amount of negative press as of late, particularly around suggested low user activity across certain platforms, such as Decentraland and Meta — reports which they have refuted. DappRadar....