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 NFT sales this week totaled $397.86 million, with buyers up more than 77% to 345,716. Sales of NFTs on the Ethereum blockchain , accounting for $360.32 million, or just over 90% of total sales.

NFT sales are up over 43% over the past week, topping $397 million

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.

NFT sales are up over 43% over the past week, topping $397 million

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 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%. shows that this week's top five marketplaces across chains were Blur, Opensea, X2Y2, Immutable X Marketplace and Lookrare, respectively.

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tags in this story

Art World., Auctions, Azuki, Binance Smart Chain, Blockchain, Blur, Bored Ape Yacht Club, Buyers, Collectors, Cryptocurrency,, Digital Art, Digital Property, Dune Analytics, Ethereum, Immutable X, Investment, Lookrare, Market Share , Marketplace, Moonbirds, Mutant Ape Yacht Club, NFTs, Non-fungible Tokens, Opensea, Otherdeed, Polygon, Sales, Solana, X2Y2

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.


Jamie Redman

Jamie Redman is the news director at News and a Florida-based financial technology journalist. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for bitcoin, open source code and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for News about today's emerging disruptive protocols.

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