NFT Market Recap: Bitcoin Dominates as Weekly Sales See Slight Dip!
In the ever-evolving world of NFTs, the past week witnessed a minor ebb in sales, while Bitcoin maintained its dominance, capturing the spotlight among 21 blockchain networks.
Key Insights: NFT Sales and Trends
Recent data reveals a 1.31% decline in weekly NFT sales, amounting to $308.23 million, a slight dip from the prior week's $312.32 million. However, Bitcoin-centric NFTs led the pack, experiencing a commendable 4.10% uptick in sales.
Global Engagement: NFT Transactions and Participants
A staggering 873,268 NFT buyers and 619,949 sellers engaged in transactions worth $308.23 million during the week. While both buyer and seller counts surged by over 20%, sales experienced a marginal dip of 1.31%. The NFT ecosystem continues to thrive with a vibrant community of participants.
Top Dollar Transactions: Ethereum Takes the Lead
The priciest NFT, an Ethereum-based "RBX Vesting Voucher #42," made waves by fetching a whopping $741,910, equivalent to over 328 ether, just four days ago. Following closely, the second-highest valued sale was an "ORDI BRC-20 NFT," exchanging hands for approximately 9.72 BTC or $428,277, according to cryptoslam.io statistics.
Bitcoin's Reign Continues: Dominating NFT Sales Charts
In the battle of blockchains, Bitcoin emerged victorious, securing the leading spot among 21 different networks with a remarkable $138.58 million in NFT sales. This marks a 4.10% increase from the previous week, reaffirming Bitcoin's enduring dominance in the crypto space. Ethereum claimed the second rank with NFT sales totaling $69.51 million, showcasing its consistent prominence in the market.
Source
@Facebook_Metaverse_Nfts
