In the midst of a turbulent week for the crypto market, non-fungible token (NFT) sales have shown resilience, experiencing a surge of 7.74% in weekly sales, totaling $181.82 million. Data also reveals that there has been an increase of 41% in NFT buyers over the course of the week, surpassing the number of buyers recorded in the previous week.
Despite Crypto Market Drop, NFT Sales Increase by Nearly 8%
Of the total sales this week, the Ethereum (ETH) blockchain contributed a significant portion, amounting to $124.7 million, while $22.66 million came from the Solana (SOL) blockchain. While ETH-based NFT sales experienced a slight drop of 1.75%, SOL-based NFT sales swelled by 88.19%, according to cryptoslam.io metrics. The top five chains which recorded the highest NFT sales over the last seven days include ETH, SOL, MATIC, BNB, and Immutable X.
Bored Ape Yacht Club (BAYC) emerged as the top-performing NFT collection this week, with sales reaching $16.38 million. BAYC sales rose by 64.07% over the past seven days, leading the pack of the top eight NFT collections for the…