NFT Sales Fall 11% To $70M In The Past 7 Days, The Lowest Weekly Decline In 2024

The
non-fungible
token
market
has
suffered
yet
another
rough
week,
marked
by
a
significant
plunge
in
trading
sales
volume
and
floor
price
values.
The
global
non-fungible
token
market
sales
volume
has
dropped
again
by
11%
this
week,
the
lowest
trading
sales
volume
since
the
beginning
of
the
year.
In
this
article,
we
shall
assess
the
full
state
of
the
non-fungible
token
market
in
the
past
seven
days.

NFT
Trading
Sales
Fall
11%
In
The
Past
7
Days

Data
compiled
by

CryptoSlam.io,
an
on-chain
crypto
assets
market
aggregator
and
a
multi-chain
non-fungible
token
explorer
backed
by
billionaire
Mark
Cuban,
shows
that
the
global
non-fungible
token
market
has
tanked
again
this
past
week.
In
the
past
seven
days,
the
global
NFT
market
has
raised
just
a
trading
sales
volume
of
$71
million,
representing
an
11%
drop
from
the
previous
week
and
the
lowest
since
the
beginning
of
the
year.

Ethereum,
the
same
blockchain
network
powering
the
famous
Ether
and
renowned
in
the
NFT
market
for
hosting
the
majority
of
blue-chip
NFT
collections,
has
been
this
past
week’s
top-traded
blockchain
network
in
the
NFT
market.
In
the
past
seven
days,
the
Ethereum-based
NFT
collections
have
raised
a
trading
sales
volume
of
$23
million.
Ethereum
NFT
sales
have
plunged
by
13%
from
the
previous
week.

Bitcoin,
the
blockchain
network
renowned
in
the
NFT
market
for
powering
Runes,
Ordinals,
and
BRC-20
NFT
collections,
has
been
this
past
week’s
second
most-traded
blockchain
network
in
the
NFT
ecosystem,
reclaiming
the
market
from
Solana.
In
the
past
seven
days,
Bitcoin-based
NFT
collections
have
recorded
a
sales
volume
of
$14
million,
down
4%
from
the
previous
week.

Solana,
an
open-source
blockchain
network
that
supports
smart
contracts,
including
non-fungible
tokens
and
various
decentralized
applications,
has
been
this
past
week’s
third
most-traded
NFT
blockchain
network.
In
the
past
seven
days,
the
Solana-based
NFT
collections
have
recorded
a
trading
sales
volume
of
$13
million.
During
this
period,
the
Solana
NFT
sales
have
dropped
by
14%
from
the
previous
week.

Polygon,
an
Ethereum
scaling
solution,
and
BNB
Chain,
a
blockchain
network
from
renowned
crypto
exchange
e
Binance,
have
been
this
past
week’s
fourth
and
fifth
most-traded
blockchain
nets
in
the
NFT
market,
respectively.
In
the
past
seven
days,
Polygon-based
NFTs
have
amassed
a
sales
volume
of
$7.4
million,
while
BNB
Chain-based
NFTs
have
raised
a
trading
sale
volume
of
$3.7
million.

Ten
Top
Selling
NFTs
In
The
Past
7
Days

1.
NodeMonkes
NFT
Collection

NodeMonkes,
a
non-fungible
token
collection
that
features
a
limited
set
of
10,000
digital
items
created
on
the
Bitcoin
blockchain
network
using
the
popular
Ordinal
protocol,
has
been
this
past
week’s
most-selling
NFT
collection.
In
the
past
seven
days,
the
NodeMonkes
NFT
collection
has
raised
a
sales
volume
of
$2.9
million.
During
this
time,
the
NodeMonkes
NFT
sales
volume
has
surged
by
77%
from
the
previous
week.

2.
Guild
Of
Guardians
NFT
Collection

The
Guild
of
Guardians,
a
non-fungible
token
collection
from
Guild
of
Guardians,
a
role-playing
P2E
game
that
allows
players
to
take
teams
of
heroes
and
compete
through
challenging
dungeons
to
collect
resources,
has
been
this
past
week’s
second
most-selling
NFT
collection.
In
the
past
seven
days,
the
Guild
of
Guardians
NFT
collection
has
attracted
a
trading
sales
volume
of
$2.6
million.
During
this
time,
the
Guild
of
Guardians
NFT
trading
sales
have
plunged
by
11%
from
the
previous
week.

3.
DogeZuki
NFT
Collection

DogeZuki,
a
non-fungible
token
collection
with
a
fixed
edition
of
2,800
Shiba
Inu-inspired
NFT
items
fusing
the
worlds
of
Doge
and
Azuki
and
hosted
on
the
Solana
blockchain
network,
has
been
this
past
week’s
third
most-selling
NFT
collection.
In
the
past
seven
days,
the
DogeZuki
NFT
collection
has
raised
a
trading
sales
volume
of
$2.4
million.
DogeZuki
NFT
sales
volume
has
surged
7.7%
from
the
previous
week.

4.
Sorare
NFT
Collection

Sorare,
a
non-fungible
token
collection
from
the
fantasy
football
game
Sorare
consisting
of
330,277
unique
digital
items
living
on
the
Ethereum
blockchain
network,
was
this
past
week’s
fourth
most-selling
NFT
collection.
In
the
past
seven
days,
the
Sorare
NFT
collection
has
raised
a
trading
sales
volume
of
$2.4
million.
During
this
time,
the
Sorare
NFT
trading
sales
volume
has
surged
by
14%
from
the
previous
week.

5.
CryptoPunks
NFT
Collection

CryptoPunks,
a
non-fungible
token
collection
previously
from
Larva
Labs
but
now
managed
by
the
Bored
Ape
creator
Yuga
Labs
and
features
a
limited
supply
of
10,000
NFTs,
has
been
this
past
week’s
fifth
most-selling
NFT
collection.
In
the
past
seven
days,
the
CryptoPunks
NFT
series
has
raised
a
trading
sales
volume
of
$2.2
million.
CryptoPunks
NFT
sales
have
tanked
57%
from
the
previous
week.

6.
Mining
Pass
NFT
Collection

Mining
Pass,
a
non-fungible
token
collection
created
on
the
Polygon
blockchain
network,
has
been
this
past
week’s
sixth
most-selling
NFT
collection.
The
NFT
collection
was
launched
earlier
last
week,
taking
the
NFT
community
by
storm.
In
the
past
seven
days,
the
Mining
Pass
NFT
collection
has
amassed
a
trading
sales
volume
of
over
$2.1
million.
During
this
period,
the
Mining
Pass
NFT
sales
volume
has
surged
+1000%
from
the
previous
week.

7.
Mad
Lads
NFT
Collection

Mad
Lads,
a
non-fungible
token
collection
from
the
Solana
infrastructure
development
project
Coral
featuring
a
limited
edition
of
10,000
NFTs
hosted
on
the
Solana
blockchain
network,
has
been
this
past
week’s
seventh
most-selling
NFT
collection.
In
the
past
30
days,
the
Mad
Lads
NFT
collection
has
recorded
a
trading
sales
volume
of
$1.7
million.
Mad
Lads
NFT
trading
sales
volume
has
surged
by
159%
from
the
previous
week.

8.
Uncategorized
Ordinals
NFTs

Uncategorized
Ordinals,
non-fungible
tokens
created
on
the
Bitcoin
blockchain
network,k
but
they
aren’t
officially
part
of
any
collection,
were
this
past
week’s
eighth
most-selling
NFT
collection.
In
the
past
seven
days,
the
Uncategorized
Ordinals
have
amassed
a
trading
sales
volume
of
$1.7
million,
up
332%
from
the
previous
week.
Their
resurgence
shows
that
Bitcoin
NFTs
are
finding
footing
again
in
the
global
NFT
market.

9.
Solana
Monkey
Business
NFT
Collection

Solana
Monkey
Business,
a
non-fungible
token
collection
of
5,000
visually
stunning
and
unique
24×24
art
pixels
randomly
generated
Monkeys
stored
on
the
Solana
blockchain
network,
has
been
this
past
week’s
ninth
most-selling
NFT
collection
in
the
past
week.
In
the
past
seven
days,
the
Solana
Monkey
Business
NFT
collection
has
recorded
a
trading
sales
volume
of
$1.5
million.
Solana
Monkey
Business
NFT
sales
volume
has
plunged
by
3.83%
from
the
previous
week.

10.
Ordinal
Maxi
Biz
NFT
Collection

Ordinal
Maxi
Biz,
an
Ordinal
collection
from
NFT
artist
Tony
Tafuro,
consisting
of
a
fixed
supply
of
5,141
unique,
hand-drawn
NFTs
inscribed
on
Bitcoin,
each
featuring
distinctive
eye
color
traits
based
on
the
specific
block
they
were
created,
was
this
past
week’s
tenth
most-selling
NFT
collection.
In
the
past
seven
days,
Ordinal
Maxi
Biz
NFT
has
amassed
a
trading
sales
volume
of
$1.3
million.

The
NFT
Market
Prediction:
Are
NFTs
Staged
For
A
Rebound?

Despite
an
intense
meltdown,
stakeholders
are
still
hoping
for
signs
of
an
NFT
market
rebound
in
2024.
Several
factors
suggest
that
2024
could
be
a
pivotal
year
for
NFTs,
potentially
marking
a
phase
of
maturation
and
broader
adoption.
The
NFT
space
is
set
to
rebound,
driven
by
innovative
applications
and
increased
mainstream
adoption,
and
possibly
retest
another
bull
run
before
the
end
of
this
year.

Related
NFT
News: