NFT buyer activity surges over 173% as sales volume dips

This past week, the overall non-fungible token market was a mixed bag.

NFT sales volume dropped by 11.92%, totaling $81.8 million, while the number of NFT buyers increased by 173.25% to 327,594.

Let’s take a look at some of the key metrics that characterized the NFT market over the last seven days based on data from CryptoSlam.

Key blockchain performances

Ethereum (ETH) continued its dominance in terms of NFT sales volume. Despite a more than 10% drop from the previous week, the network still managed to rake in over $28 million — a figure accompanied by a notable rise in buyer activity, which went up 42.5%.

Solana (SOL) came in second after it generated more than $16 million in NFT sales. However, the figure represented a 15% decline, even though the network witnessed a staggering 245.93% increase in buyers. It also saw a nearly 6% drop in wash trading activities.

Bitcoin (BTC) maintained the third spot for a third week running, even though the $13.8 million it brought in reflected a 6.1% drop from the previous week’s numbers. 

Wash trading on the network went up by more than 4%, although the $410,863 realized from that activity pales in comparison to other blockchains. For instance, fourth-placed Polygon (MATIC) had the highest amount of funds from wash trading at $9.1 million. The amount was markedly higher than the $6.6 million that came into Polygon from owner to owner NFT sales.

Rounding out the top five is Mythos Chain, which experienced the steepest decline in NFT sales volume, plummeting almost 30% to just north of $5 million.

Notable collections and sales

Coming to NFT collections, Mythos Chain surprisingly produced the best-selling NFT collection of the week, with its DMarket collection raking in $4.99 million in sales across seven days.

However, the amount was still a nearly 30% plunge from last week’s levels, with the number of transactions recorded for the collection also dropping 33%.

Meanwhile, second-placed Sorare, hosted on Ethereum, showed resilience, with sales going up 8.3% to $3.65 million. The number of transactions for the collection also went up by almost 8%, while buyer activity increased by more than 10%. 

The uptick in activity coincides with the start of popular European soccer leagues including the Premier League and La Liga, which may have caused renewed interest in the fantasy sports platform.

However, the standout performer of the week was Bitcoin’s Uncategorized Ordinals, which saw a staggering 864.66% increase in sales to $3.1 million.

Top NFT sales of the week

In terms of sales of individual NFT pieces, one of the most notable transactions was that of an Uncategorized Ordinal on Bitcoin which sold for a whopping $2.4 million.

In contrast, Ethereum’s Bored Ape Yacht Club #2579 sold for $342,542, a pretty huge amount but dwarfed by the Ordinal sale. Other notable transactions in the week included Solana’s Froganas #4559, which fetched $82,689, and a BNB Paraluni Perpetual Bond, which sold for $134,751.

Tổng hợp và chỉnh sửa: ThS Phạm Mạnh Cường
Theo Crypto News

By Phạm Mạnh Cường

Phạm Mạnh Cường là một doanh nhân và nhà đầu tư Tiền mã hoá. Tác giả đã từng tiên phong giảng dạy Blockchain ở Trường Đại học Kinh tế - Luật, Đại học Quốc gia Hồ Chí Minh. Hiện tại đang là Giám đốc công ty Wischain và Giảng viên công nghệ Blockchain tại Đại học Hutech, Việt Nam. Tác giả đã có bằng Thạc sĩ Khoa học máy tính từ năm 2011 tại Đại học Bách Khoa Hồ Chí Minh. Tính đến nay tác giả đã có kinh nghiệm 7 năm giảng dạy cho sinh viên về công nghệ Blockchain và 8 năm đầu tư trong lĩnh vực Tiền mã hoá từ 2016. Tác giả đã tham gia diễn giả tại hàng trăm hội thảo chất lượng và hiện sở hữu hàng nghìn bài viết tổng hợp, nhận định và chỉnh sửa về Tiền mã hoá và Tiền điện tử chất lượng trên Website và ở nhiều kênh khác.

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