Newblock
  • News
    • Bitcoin
    • Ethereum
    • XRP
    • Solana
    • Cardano
    • Blockchain News
    • Press Releases
    • Events
  • Analysis
    • Market Analysis
    • Price analysis
  • Ranking
No Result
View All Result
  • Login
Buy crypto
Newblock
  • News
    • Bitcoin
    • Ethereum
    • XRP
    • Solana
    • Cardano
    • Blockchain News
    • Press Releases
    • Events
  • Analysis
    • Market Analysis
    • Price analysis
  • Ranking
No Result
View All Result
Newblock
nft news

Despite the Drop in Crypto Prices, Weekly NFT Sales Reach $4.7 Billion, Increasing 81%

January 22, 2022
in Bitcoin News
407 17
0
Share on FacebookShare on Twitter

While crypto markets shed billions during the last seven days, non-fungible token asset sales are still up 81% since last week. Statistics indicate $4.7 billion in NFT sales were settled in seven days among 326,733 buyers, and Ethereum saw a continued rise in NFT sales volume.

NFT Sales Remain Strong Despite Crypto Market Price Reversal

Bitcoin, ethereum, and a myriad of digital assets have seen deep losses this week in terms of spot market value against the U.S. dollar and other fiat currencies. Despite the crypto market carnage, NFT sales continue to boom with $4.7 billion in sales since last week.

The week prior, NFT sales across roughly ten blockchain networks amounted to $2.5 billion in global sales. NFT sales volume over the last seven days has increased 81.4%, according to cryptoslam.io statistics.

Despite the Drop in Crypto Prices, Weekly NFT Sales Reach $4.7 Billion, Increasing 81%
NFT sales as of January 22, 2022, according to cryptoslam.io statistics.

Out of the ten blockchains recorded, Ethereum sales jumped 84.04% this week while Ronin NFT sales increased by 29.99%. The third and fourth largest blockchains in terms of NFT sales, Solana and Flow, have seen sales drop this past week.

Solana NFT sales are down 10.26% and Flow NFT sales have decreased by 13.17%. However, the biggest drop in NFT sales was Polygon’s 23.57% drop this past week. Theta saw a drop in sales this week but only lost 4.56%. Binance Smart Chain (BSC) saw the largest increase in seven-day sales with a 279.67% increase.

Meebits and Terraforms Reign, Older NFT Projects Drop Down the Weekly Sales Ladder

Last week, the NFT collection Meebits was the top contender in terms of NFT sales and still is this week. During the last seven days, Meebits has recorded $1.9 billion in sales, up 104.40% since this time last week.

Terraforms saw $1.2 billion in sales last week up more than 298%, and Loot recorded $468 million up 79% since last week. Cryptophunks V2 sales are up 88% this week and Azuki NFT sales increased over 141%. Collections that were once top contenders in terms of NFT sales like Bored Ape Yacht Club (BAYC) have seen sales slip. BAYC sales are down more than 34% during the last seven days.

Mutant Ape Yacht Club (MAYC) sales are up more than 4% but the MAYC collection has slid to the tenth largest NFT compilation after being a top five contender. Furthermore, The Sandbox NFT sales have decreased by over 31% after the metaverse project’s significant rise two weeks ago.

Overall, NFT markets and sales have managed to stave off the crypto market carnage that crypto assets have been experiencing in recent times. Those funds, while lower in value, are still purchasing NFTs in great numbers and the billion-dollar NFT industry remains profitable.

Source link

You might also like

G7 Countries Crypto

G7 Countries, EU Taking Measures to Prevent Crypto Use to Evade Sanctions

March 5, 2022
Coinbase CEO Russians Crypto

Coinbase CEO Says Ordinary Russians Use Crypto as a Lifeline as the Ruble Collapses

March 5, 2022

Related News

G7 Countries Crypto

G7 Countries, EU Taking Measures to Prevent Crypto Use to Evade Sanctions

by Editorial Team
March 5, 2022
1

G7 countries and the European Union are examining ways to stop the use of cryptocurrency by Russia to evade sanctions....

Coinbase CEO Russians Crypto

Coinbase CEO Says Ordinary Russians Use Crypto as a Lifeline as the Ruble Collapses

by Editorial Team
March 5, 2022
1

The CEO of the Nasdaq-listed crypto exchange Coinbase says ordinary Russians are using cryptocurrency as a lifeline now that their...

Bitcoin Mining Difficulty Drops

Bitcoin Miners Catch a Break as Mining Difficulty Drops for the First Time in 3 Months

by Editorial Team
March 5, 2022
1

Bitcoin miners got a small break on March 3, after the network’s mining difficulty shifted downward for the first time...

Arbitrum Treasure DAO hack

Attacker Hacks Arbitrum’s Treasure DAO for Over 100 NFTs by Leveraging Marketplace Exploit

by Editorial Team
March 5, 2022
1

A non-fungible token market platform built on top of Arbitrum called Treasure DAO was hacked on March 3 at 7:33...

Next Post
New Payment System Seeking to Bolster Intra-African Trade Goes Live

New Payment System Seeking to Bolster Intra-African Trade Goes Live

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Get daily news updates to your inbox!

Popular

  • crypto price analysis

    BTC, ETH, BNB, ADA, SOL, XRP, LUNA, DOGE, DOT, AVAX

    21678 shares
    Share 8671 Tweet 5420
  • Google Launches Blockchain Division

    5331 shares
    Share 2131 Tweet 1332
  • Microsoft Reveals Activision Purchase for $68.7 Billion as an Approach to the Metaverse

    972 shares
    Share 389 Tweet 243
  • GAIMIN Brings Blockchain and NFTs to Minecraft – Press release Bitcoin News

    957 shares
    Share 383 Tweet 239
  • Coinbase exec says major Ethereum scaling improvements coming soon

    923 shares
    Share 369 Tweet 231

Recommended

MicroStrategy CEO

MicroStrategy CEO won’t sell $5B BTC stash despite crypto winter

January 22, 2022
Coinbase OneRiver

Coinbase Acquires Fairx Exchange to Make Derivatives Market Approachable for Millions of Retail Customers

January 14, 2022
Newblock

Newblock is a blockchain news service that covers bitcoin and altcoin news, technical analysis & forecasts for bitcoin price and other altcoins.
© 2022 Newblock

Navigate Site

  • Blockchain news
  • Crypto Analysis
  • Ranking
  • Media Partnerships
  • Privacy Center
  • Contact Us
  • Donate

Follow Us

No Result
View All Result
  • News
    • Bitcoin
    • Ethereum
    • XRP
    • Cardano
    • Solana
    • Blockchain News
    • Press Releases
    • Events
  • Analysis
    • Market Analysis
    • Price analysis
  • Ranking
  • Buy Crypto
  • Privacy Center
  • Contact Us
  • Donate

Newblock is a blockchain news service that covers bitcoin and altcoin news, technical analysis & forecasts for bitcoin price and other altcoins.
© 2022 Newblock

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.