NFT sales dropped by 74.44% during the last 30 days
NFT sales and interest have dropped since the cryptocurrency bear market began. “NFT” has a global Google Trends score of 21 out of 100. The search phrase “NFT” scored 100 for the first time in a long time from January 16-22, 2022. The goal was met. According to cryptoslam.io, NFT sales were $4.18 billion in the prior month but only $1.07 billion in the most recent month. This month’s NFT sales have been weak for many reasons.
Non-fungible token (NFT) sales declined 17.33% last week, from $223,085,710 to $184,417,851 across 18 blockchain platforms. The Ethereum blockchain network earned $151 million in sales, but ETH-based NFT sales dropped 18% last week. Monthly ETH-based NFT sales fell 76.38 percent last year. This week, parties bought and sold $22.31 million in Solana real estate. Overall sales rose 3.56 percent over the previous week. Binance Smart Chain (BSC) sold $3.16 million worth of cryptocurrency despite a 32.45% reduction in NFT sales.
BAYC’s NFT collection is the most valued. The collection is worth 90 ETH. Thirty days ago, it was 95.5 ETH, approximately the same as today. At 95.5 Ethereum, BAYC was valued $204,000. 90 Ethereum is worth $97,000. The Cryptopunks NFT collection reached 66.65 ETH, a 40% increase in 24 hours. This represents a 24-hour gain of 10.1 ETH. Basically: Cryptopunks’ floor value is $71,000. A month ago, 51.9 ETH equaled $111,000 in cryptocurrency.
The sale of BAYC 7,537 for 1,024 ETH was the month’s most expensive NFT transaction. After BAYC 7,537, Otherdeed 90,209 sold for $465k (235 ether). BAYC, Cryptopunks, and Otherdeed sold the top 40 most expensive NFTs last month. BAYC 7,537 NFTs sold for $440K, and Cryptopunk 2,964 sold for 444 ETH. BAYC 7,537 fetched $440K, and Cryptopunk 2,964 fetched $444 ETH.