NFT Sales Decline to $89M; Solana Surpasses Bitcoin in Volume

The latest report indicates that non-fungible token (NFT) sales have seen a decline, totaling $89.1 million over the past week, marking a 7% drop from the previous week's $93 million. Despite this downturn, the overall crypto market is showing signs of recovery, although the global market cap has decreased by over 2% in the last 24 hours.

Ethereum Maintains Top Position; Solana Surges

Ethereum continues to lead the NFT sales volume, generating $31.1 million this week, despite a nearly 4% decrease from last week. Notably, 21% of Ethereum's sales volume was attributed to wash trading.

In a significant shift, Solana has overtaken Bitcoin for the second spot in NFT sales. Solana's sales increased by 12% to reach $18.3 million, while Bitcoin's sales fell by 30% to $14.8 million. The number of NFT buyers on Solana surged by 56%, rising from 192,543 to 301,523.

Top NFT Collections and Sales

DMarket has maintained its position as the leading NFT collection for over four weeks, with sales totaling $4.918 million, down from $5.2 million last week. Froganas on Solana has experienced a remarkable 118% increase, becoming the second-largest NFT collection with $4.917 million in sales.

Recent notable NFT sales include:

• CryptoPunks #8651 sold for $125,917.28 (50 ETH)
• CryptoPunks #237 sold for $59,970.94 (24 ETH)
• Claynosaurz #10222 sold for $38,422.71 (235 SOL)
• Sorare #3209101205534761733284 sold for $36,488.51 (14.4162 ETH)
• Bored Ape Yacht Club #2213 sold for $34,837.25 (13.7688 ETH)