Investors Buying NFTs Increase 25% This Last Week Of March – Analysis

The
non-fungible
token
market
has
faced
a
brutal
meltdown
in
recent
weeks,
with
the
majority
of
floor
prices
dropping
below
20
ether,
a
90%
decline
from
their
all-time
high
in
2022.
The
NFT
market
downtrending
despite
its
fellow
crypto
market
being
on
the
rally,
going
contrary
to
its
initial
bull
run.
However, 
the
number
of
investors
buying
NFTs
has
risen
25%
this
week
from
the
past
week.

The
State
Of
NFTs
In
The
Past
7
Days

Data
fetched
by

CryptoSlam.io,
an
on-chain
market
data
aggregator,
indicates
that
the
global
non-fungible
token
trading
sales
volume
has
plunged
again
for
the
fourth
consecutive
week.
In
the
past
seven
days,
the
NFT
market
has
amassed
a
sales
volume
of
$231
million,
representing
a
17%
drop
from
the
previous
week.

Source:
Cryptoslam.io,
NFT
sales
in
the
past
7
days

During
this
period,
the
number
of
investors
buying
and
selling
non-fungible
token
collections
has
increased
this
week.
In
the
past
seven
days,
NFT
buyers
have
increased
25%
to
690,198,
while
NFT
sellers
have
surged
21.78%
to
456,023.
These
trading
activities
have
pushed
the
number
of
NFT
transactions
up
12.65%
to
1.8
million.

Bitcoin,
the
same
blockchain
network
powering
the
flagship
crypto
Bitcoin,
has
been
the
top-traded
blockchain
network
in
the
non-fungible
token
market.
In
the
past
seven
days,
the
Bitcoin-based
NFT
collection
has
amassed
a
trading
sale
volume
of
$81
million.
Bitcoin
NFT
sales
have
plunged
7.73%
from
the
past
week.

Source:
CryptoSlam.io,
NFT
sales
by
blockchain
networks

Ethereum,
the
blockchain
network
hosting
most
of
the
blue-chip
non-fungible
token
collections,
is
this
week’s
second
most-traded
blockchain
network
in
the
NFT
ecosystem.
In
the
past
seven
days,
the
Ethereum-based
NFT
collection
has
recorded
a
sales
volume
of
$72
million.
The
Ethereum
NFT
sale
volume
has
dropped
28%
from
the
past
week.

Solana,
a
decentralized
blockchain
network
and
Polygon,
an
Ethereum
scaling
solution,
are
the
third
and
fourth
most-traded
blockchain
networks
in
the
NFT
ecosystem.
In
the
past
seven
days,
Solana-based
NFT
collections
have
recorded
a
trading
sales
volume
of
$46
million.
The
Solana
NFT
sales
have
dropped
14%.
During
this
time,
Polygon
NFTs
have
amassed
a
sales
volume
of
$7.4
million.

10
Top
Selling
NFT
Collections
This
Week

Source:
CryptoSlam.io,
top
selling
NFTs
in
the
past
7
days

1.
Bitcoin
Ordinals
Collection

Bitcoin
Ordinal,
a
non-fungible
token
collection
created
on
the
Bitcoin
blockchain
network
using
Satoshi
Nakamoto’s
Ordinal
protocol,
is
this
week’s
most-selling
NFT
collection.
In
the
past
seven
days,
the
Bitcoin
Ordinal
collection
has
amassed
a
sales
volume
of
$20
million.

2.
$??
BRC-20
NFT
Collection

The
Question??,
a
non-fungible
token
collection
created
on
the
Bitcoin
blockchain
network
using
a
BRC-20
token
standard
protocol,
is
this
week’s
second
most-selling
NFT
collection.
In
the
past
seven
days,
the??
BRC-20
NFT
collection
has
recorded
a
trading
sales
volume
of
$12
million.
Its
trading
sale
volume
has
surged
788%
from
the
past
week.

3.
Mad
Lads
NFT
Collection

Mad
Lads,
a
non-fungible
token
collection
from
the
Solana
development
project
Coral
featuring
a
limited
edition
of
10,000
hosted
on
the
Solana
blockchain
network,
is
this
week’s
third
most-selling
NFT
collection.
In
the
past
seven
days,
the
Mad
Lads
NFT
collection
has
recorded
a
sales
volume
of
$7.7
million.
Mad
Lads
NFT
sales
volume
has
declined
22%
from
the
past
week.

4.
$
JIGO
BRC-20
NFT
Collection

The
$JIGO,
a
non-fungible
token
collection
created
on
the
Bitcoin
blockchain
network
using
a
BRC-20
token
standard
protocol,
is
this
week’s
fourth
most-selling
NFT
collection.
In
the
past
seven
days,
the
$JIGO
BRC-20
NFT
collection
has
recorded
a
sales
volume
of
$7.5
million.
The
trading
sale
volume
for
$JIGO
NFTs
has
surged
295%
from
the
past
week.

5.
DMarket
NFT
Collection

DMarket,
a
non-fungible
token
collection
from
the
DMarket,
a
digital
market
platform
enabling
millions
of
gamers
and
esports
fans
to
trade
virtual
in-game
items
using
a
comprehensive
set
of
advanced
game
tech
and
fintech
features,
is
this
week’s
fifth
most-selling
NFT
collection.
In
the
past
seven
days,
the
NFT
collection
has
recorded
a
trading
sales
volume
of
$6.9
million.

Source:
CryptoSlam.io,
top
selling
NFTs
in
the
past
7
days

6.
Bored
Ape
Yacht
Club
NFT
Collection

Bored
Ape
Yacht
Club,
an
all-time
top-selling
NFT
collection
from
the
digital
asset
firm
Yuga
Labs
featuring
a
limited
supply
of
10,000
apes
hosted
on
the
Ethereum
blockchain
network,
is
this
week’s
sixth
most-selling
NFT
collection.
In
the
past
seven
days,
the
Bored
Ape
Yacht
Club
NFT
collection
has
attracted
a
trading
sales
volume
of
$6.8
million.

7.
NodeMonkes
NFT
Collection

NodeMonkes,
an
NFT
collection
featuring
a
limited
supply
of
10,000
pixilated
NFTs
hosted
on
the
Bitcoin
blockchain
network,
is
this
week’s
seventh
most-selling
NFT
collection.
In
the
past
seven
days,
the
NodeMonkes
NFT
collection
has
raised
a
trading
sales
volume
of
$6.2
million.

8.
Froganas
NFT
Collection

Froganas,
a
non-fungible
token
collection
featuring
a
limited
set
of
5,555
unique,
frog-themed
digital
collectibles
built
on
the
Solana
blockchain
network,
is
this
week’s
eighth
most-selling
NFT
collection.
In
the
past
seven
days,
the
Froganas
NFT
collection
has
amassed
a
trading
sales
volume
of
$4.9
million.

9.
Gods
Unchained
NFT
Collection

Gods
Unchained,
a
non-fungible
token
collection
hosted
on
the
Immutable
X
blockchain
network,
enabling
holders
to
play
in
the
digital
trading
card
game
Gods
Unchained,
is
this
week’s
ninth
most-selling
NFT
collection.
In
the
past
seven
days,
the
Gods
Unchained
NFT
collection
has
attracted
a
trading
sales
volume
of
$4
million.

10.
Pandora
NFT
Collection

The
Pandora,
an
NFT
collection
of
10,000
Replicants
bound
to
the
first
tokens
built
on
ERC404,
an
experimental
token
standard
enabling
persistent
liquidity
and
semi-fungibility
for
Ethereum
NFTs,
is
this
week’s
tenth
most-selling
NFT
collection.
In
the
past
seven
days,
the
Pandora
NFT
collection
has
recorded
a
trading
sales
volume
of
$3.8
million,
closing
our
ten
top-selling
NFTs.

Top
NFT
Sales
This
Week

Source:
CryptoSlam.io,
top
nft
sales
in
the
past
7
days

Arcade.xyz
is
this
week’s
most
expensive
non-fungible
token
sold,
selling
for
$346,089
just
four
days
ago.
A
Bitcoin
Ordinal
collection
is
this
week’s
second
most-costly
NFT
collection
sold,
selling
for
$276,665
seven
days
ago.
The
TurboVerse
#3174
is
this
week’s
third-most-expensive
NFT
sold,
selling
for
$245,587.

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