With the help of the Bored Ape Yacht Club’s Otherside land sale, non-fungible token (NFT) sales have increased a great deal this week. NFT sales increased 74.77% during the last seven days, capturing $1.71 billion in sales volume among 266,918 traders.
7-Day NFT Sales Volume Jumps 74% to $1.71 Billion, Otherdeed NFT Collection Captures $787 Million in Global Sales
NFTs have done well this week as far as sales are concerned, and across 1,075,588 transactions during the last seven days, $1.71 billion in sales volume has been recorded. The sales volume is 74.77% higher than the $981 million in NFT sales recorded last week.
The $1.71 billion stemmed from 16 different blockchain networks, and Ethereum saw an 86.30% increase in ETH-based NFT sales this week. NFT sales that derived from the Polygon blockchain jumped 87.66% higher than the week prior as well. Fantom-based NFTs also saw a notable double-digit week-long percentage increase of around 52.47%.
Some of the most expensive NFT sales this week were sold for prices between $852.5K and $1.12 million. The top NFT collectible sale during the last seven days was Bored Ape 17, which sold for 410 ether or $1.12 million. The second most expensive NFT sale this week was Bored Ape 2980, which sold for 381 ether or just over $1 million.
The Otherdeed NFT collection sales took the top position this week as far as the top sales volume is concerned. 16,384 Otherdeed NFT buyers spent $787.55 million across 30,752 transactions. The second position was held by BAYC which captured $153.7 million in seven-day sales, up 94.93% since last week.
Mutant Ape Yacht Club (MAYC) saw a 39.41% increase this past week with $126.4 million in global sales. The NFT collection Beanz took the fourth spot, jumping 388.31% and capturing $69.59 million in sales volume. The fifth most prominent in terms of seven-day sales was Doodles, which increased 222.34% since last week to this week’s $43.1 million in sales.
BAYC still has the most expensive floor value out of all the NFT collections today, with its 104.8 ETH floor value. BAYC is followed by Proof Collective (94.1 ETH), Cryptopunks (60.95 ETH), Bored Ape Chemistry Club (47.49 ETH), and Moonbirds (26.0 ETH).
All of the top five NFT collection floor values have dropped 8 to 16.1% since last week. The only NFT collection that saw a seven-day floor price increase last week was Doodles, jumping 3.1% higher to 22.77 ETH.
Jamie Redman Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, et al. “$1.7 Billion in NFT Sales Fueled by Otherdeed Trades – NFT Volume Jumps 74% Higher than Last Week.” Bitcoin News, 6 May 2022, https://news.bitcoin.com/1-7-billion-in-nft-sales-fueled-by-otherdeed-trades-nft-volume-jumps-74-higher-than-last-week/