The NFT ecosystem, which has witnessed significant losses in recent times due to the downturn in the cryptocurrency market, has shown an increase in critical metrics on a weekly scale. According to the latest data, weekly NFT sales have increased by more than 6% compared to the previous week. Total NFT sales in the past 7 days have surpassed $106 million.
NFT Sales on the Rise Again
With the global popularity of NFTs in 2021, NFT collections that stood out in the market during this period experienced significant increases in base prices within short periods of time. NFT marketplaces such as OpenSea also saw a significant increase in trading volume and user numbers during this period.
However, with the cryptocurrency market declining again towards the end of 2021 and experiencing a prolonged downward trend, this decline in the market also had a significant impact on NFTs. NFT collections that had quickly recorded high value increases rapidly declined and faced substantial losses in percentage terms.
On the other hand, despite several critical metrics experiencing a decline in recent times, a new rise in weekly NFT sales has been recorded. According to data and metrics shared by Cryptoslam, a data provider for the NFT ecosystem, weekly NFT sales increased by over 6% compared to the previous week, surpassing $106 million.
Weekly NFT Sales Exceed $106 Million
According to the latest data, weekly NFT sales reached $106.87 million with a 6.5% increase compared to the previous week. Approximately 56% of total NFT sales during the weekly time frame were Ethereum-based NFTs. Within the past 7 days, Ethereum-based NFT sales worth $61.06 million were realized.
Ethereum-based NFTs led the market with a sales volume of $61.06 million, while Polygon-based NFTs ranked second with a sales volume of $13 million, representing a 92.07% increase compared to the previous week. The total sales volume of Solana-based NFTs exceeded $9 million, a 30.54% increase from the previous week.
