NFTs Weekly Sales Fall By 16% – Is The NFT Market Rally Over?

The
non-fungible
token
market
has
taken
a
short
bull
breather
after
several
weeks
of
bull
rally.
In
the
past
seven
days,
the
NFT
market
has
recorded
$153
million,
down
16%
from
the
previous
week.
The
NFT
market
began
surging
earlier
this
month,
following
the
prospect
of
a
supportive
crypto
market
regulatory
regime
under
the
United
States
President-elect
Donald
Trump.

NFT
Sales
Fall
16%
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
non-fungible
token
market
has
slightly
tanked
again
this
past
week.
In
the
past
seven
days,
the
global
NFT
market
has
raised
trading
sales
volume
of
$153
million,
down
16%
drop
from
the
previous
week.
Nonetheless,
this
is
the
second-highest
NFT
trading
sales
volume
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
$48
million.
Ethereum
NFT
sales
have
plunged
by
28.55%
from
the
previous
week.

 

Bitcoin,
the
blockchain
network
powering
the
flagship
crypto
Bitcoin
and
renowned
in
the
NFT
market
for
hosting
Runes,
Ordinals,
and
BRC-20
NFT
collections,
has
been
this
past
week’s
second
most-traded
blockchain
network
in
the
NFT
ecosystem.
In
the
past
seven
days,
the
Bitcoin-based
NFT
collections
have
recorded
a
sales
volume
of
$40
million.
Bitcoin
NFT
sales
volume
has
dropped
by
36.16%
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
$22
million.
During
this
period,
the
Solana
NFT
sales
have
dropped
by
20.03%
from
the
previous
week.

Polygon,
an
Ethereum
scaling
solution,
and
Mythos
Chain,
the
gaming
blockchain
network
that
leverages
the
Ethereum
Virtual
Machine
(EVM)
compatibility,
have
been
this
past
week’s
fourth
and
fifth
most-traded
blockchain
net
in
the
NFT
market.
In
the
past
seven
days,
Polygon-based
NFTs
have
amassed
a
sales
volume
of
$15
million,
while
the
Mythos
Chain
NFTs
have
raised
a
trading
sale
volume
of
$10
million.
Polygon
NFT
trading
sales
volume
has
surged
422%
from
the
past
week.

Ten
Top
Selling
NFTs
In
The
Past
7
Days

1.
$??
BRC-20
NFT
Collection

$??,
a
non-fungible
token
collection
created
using
the
BRC-20,
a
token
standard
on
the
Bitcoin
blockchain
that
allows
for
the
creation
of
tokens
that
represent
ownership
of
assets,
is
this
past
week’s
most
traded
NFT
collection
in
the
NFT
market.
In
the
past
seven
days,
the
$??
BRC-20
NFT
collection
has
amassed
a
trading
sales
volume
of
$14
million.
$??
BRC-20
NFT
sales
have
plunged
by
53%
from
the
past
week.

2.
MGGA
HAT
NFT
Collection

Make
GMT
Great
Again
(MGGA)
Hat,
a
non-fungible
token
collection
from
the
GMT
DAO,
an
independent
community
organization
for
the
GMT
token
holders,
has
been
this
past
week’s
second
most-traded
NFT
collection
in
the
NFT
market.
In
the
past
seven
days,
the
MGGA
Hat
NFT
collection
has
raised
a
trading
sales
volume
of
$11
million.
MGGA
Hat
NFT
trading
sales
volume
has
surged
by
100%
from
the
previous
week.

3.
CryptoPunks
NFT
Collection

CryptoPunks,
a
non-fungible
token
collection
that
features
a
limited
edition
of
10,000
pixilated
NFTs
previously
created
by
the
Larva
Labs
but
now
managed
by
the
Bored
Ape
creator
Yuga
Labs,
has
been
this
past
week’s
third
most-selling
NFT
collection
in
the
NFT
market.
In
the
past
seven
days,
the
CryptoPunks
NFT
series
has
raised
a
trading
sales
volume
of
$9.8
million.
The
CryptoPunks
NFT
sales
have
tanked
58.73%
from
the
previous
week.

4.
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
fourth
most-selling
NFT
collection
in
the
NFT
market.
In
the
past
seven
days,
the
Guild
of
Guardians
NFT
collection
has
raised
a
trading
sales
volume
of
$5.8
million.
The
Guild
of
Guardians
NFT
trading
sales
volume
has
surged
by
49%
from
the
previous
week.

5.
DMarket
NFT
Collection

DMarket
is
a
non-fungible
token
collection
created
on
the
Mythos
Chain
blockchain
network
that
represents
in-game
virtual
items
of
popular
online
games
such
as
Counter-Strike
and
Dota
2,
has
been
this
past
week’s
fifth
most
traded
NFT
collection
in
the
NFT
market.
In
the
past
seven
days,
the
DMarket
NFT
collection
has
amassed
a
trading
sales
volume
of
$5.6
million,
down
0.02%
from
the
previous
week.

6.
Uncategorized
Ordinal
Collection

Uncategorized
Ordinal,
a
non-fungible
tokens
created
on
the
Bitcoin
blockchain
network
that
aren’t
officially
part
of
any
collection,
have
been
this
past
week’s
sixth
most-selling
NFT
collection.
In
the
past
seven
days,
the
Uncategorized
Ordinals
collection
has
amassed
a
trading
sales
volume
of
$5
million.
The
Uncategorized
Ordinal
trading
sales
volume
has
surged
193%
from
the
previous
week.

7.
Bored
Ape
Yacht
Club
NFT
Collection

Bored
Ape
Yacht
Club,
the
flagship
NFT
Collection
of
the
digital
asset
firm
Yuga
Labs
featuring
a
limited
edition
of
10,000
ape
PFPs
hosted
on
the
Ethereum
blockchain
network,
has
been
this
week’s
seventh
most-selling
NFT
collection
in
the
NFT
market.
In
the
past
24
hours,
the
Bored
Ape
has
amassed
a
trading
sales
volume
of
$4.3
million.
During
this
time,
the
Bored
Ape
NFT
sales
volume
has
plunged
by
11%
from
the
previous
week.

8.
Pudgy
Penguins
NFT
Collection

Pudgy
Penguins,
a
non-fungible
token
collection
from
the
digital
asset
incubation
studio
Yuga
Labs
featuring
a
limited
edition
of
8,888
penguin
cartoons
hosted
on
the
Ethereum
blockchain
network,
has
been
this
past
week’s
eighth
most-traded
NFT
collection
in
the
NFT
market.
In
the
past
seven
days,
the
Pudgy
Penguins
have
recorded
a
trading
sales
volume
of
$4.08
million.
The
Pudgy
Penguins
NFT
sales
volume
has
surged
by
45%
from
the
previous
week.

9.
Bitcoin
Puppets
NFT
Collection

Bitcoin
Puppets,
a
non-fungible
token
collection
featuring
a
limited
set
of
10,001
digital
items
created
on
the
Bitcoin
blockchain
network
using
the
popular
Ordinal
protocol,
has
been
this
past
week’s
ninth
most-selling
NFT
collection.
In
the
past
seven
days,
the
Bitcoin
Puppets
NFT
has
raised
a
sales
volume
of
$3.7
million.
During
this
time,
the
Bitcoin
Puppets
NFT
sales
volume
has
plunged
by
38.77%
from
the
previous
week.

10.
ZereBorn
NFT
Collection

ZereBorn,
a
non-fungible
token
collection
featuring
a
limited
set
of
5,500
NFTs
hosted
on
the
Solana
blockchain
network,
has
been
this
week’s
tenth
most-selling
NFT
collection
in
the
NFT
market.
In
the
past
seven
days,
the
ZereBorn
NFT
collection
has
recorded
a
trading
sales
volume
of
$2.9
million.
During
this
period,
the
ZereBorn
NFT
trading
sales
volume
has
plunged
by
34%
from
the
previous
week.

The
NFT
Market
Prediction

The
global
non-fungible
token
market
has
been
a
rollercoaster
ride
in
2024,
but
the
latest
data
signals
the
strong
potential
for
a
resurgence.
Now
that
crypto-friendly
President
Donald
Trump
has
been
re-elected
in
the
United
States,
the
NFT
space
is
set
to
rebound,
driven
by
innovative
applications
and
increased
mainstream
adoption,
and
possibly
retest
a
bull
run
in
the
coming
months.

Related
NFT
News: