The non-fungible token sales volume over the last week has dropped by 7%, and stands at $89.1 million.The crypto market, exhibiting signs of recovery, has taken a U-turn. According to the latest data, the global crypto market cap has dropped by over 2% in the last 24 hours.
In comparison to last week’s $93 million NFT sales volume, this week has witnessed a modest 7% drop in sales:NFT sales volume plunged to $89 million.The $ETH -0.07%Ethereum network retains its first ranking in terms of volume.
Bitcoin to claim the second position.NFT buyers surge by over 42% from last week’s 494,666.Number of NFT sellers also rose to 385,184 from last week’s 252,401.
Ethereum retains its ranking
Last week, the Ethereum network dethroned Bitcoin with its $33.4 million NFT sales volume. Ethereum has sustained this ranking this week with its $31.1 million sales.In comparison to last week, the Ethereum NFT sales volume is down by almost 4%. A closer look at Ethereum’s data shows that 21% of the volume accounted for wash trading.Interestingly, Bitcoin lost its second position to Solana. Bitcoin’s NFT sales have witnessed a 30% drop in comparison to last week.
CryptoSlam data shows that the weekly sales volume of the Bitcoin network is at $14.8 million. Solana, on the other hand, has shown a 12% rise with its weekly NFT sales volume standing at $18.3 million.
According to the last week’s data, Solana’s $SOL 3.58%.
Solana sales volume was at $16.6 million. When it comes to the number of buyers, Solana has maintained and even witnessed a 56% surge.The number of NFT buyers on the Solana network last week stood at 192,543, while this week it is at 301,523.Mythos Chain (MYTH) and ImmutableX ImmutableIMX-1.49%Immutable earned the fourth and fifth ranking with $10 million and $3.8 million in sales.
