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Sales of non-fungible token (NFT) assets increased by 43.97% in the last seven days compared to the previous week, according to statistics recorded on February 18, 2023. The volume of NFT sales this week reached $397.86 million with 345,716 NFT buyers and around 1.62 million transactions.
NFT sales continue to rise in 2023, Ethereum dominates NFT sales with 90% market share
Over the past week, sales of non-fungible tokens (NFTs) have surged, up more than 43% from the previous week, according to statistics from cryptoslam.io. NFT sales this week totaled $397.86 million, with buyers up more than 77% to 345,716. Sales of NFTs on the Ethereum blockchain dominated, accounting for $360.32 million, or just over 90% of total sales.
Sales of non-fungible tokens (NFTs) on the Ethereum blockchain led with revenue of $360.32 million, up 54.77% from the previous week. NFT sales from Solana followed at $18,790,359, down 7.47% from the previous week. In terms of seven-day sales, Ethereum and Solana were followed by Polygon, Immutable X, and Binance Smart Chain, respectively.
The best-selling collection of non-fungible tokens (NFTs) this week was Otherdeed with total sales of $47,043,296. Otherdeed's revenue increased by 160.21% compared to the previous week. Otherdeed was followed by Azuki, Moonbirds, Mutant Ape Yacht Club (MAYC), and Bored Ape Yacht Club (BAYC). While Azuki sales are up 174.98% this week, Moonbirds NFT sales are up 502.43% compared to last week.
According to weekly metrics from dappradar.com and Dune Analytics, NFT marketplace Blur overtook leading marketplace Opensea this week. Dune's statistics show that Blur captured more than 66% of the market share, while Opensea accounted for 23.9%. Dappradar.com shows that this week's top five marketplaces across chains were Blur, Opensea, X2Y2, Immutable X Marketplace and Lookrare, respectively.
What are your thoughts on the recent spike in NFT sales this week? Do you think this trend will continue in the future? Do share your thoughts in the comment section below.
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