• NFT sales surged 43.97% this week, with total sales of $397.86 million and 345,716 buyers.
• Ethereum dominated the NFT market with 90% of total sales, followed by Solana and Polygon.
• The top-selling collection of NFTs this week was Otherdeed, with $47 million in sales; Blur also outpaced Opensea as the leading marketplace.
NFT Sales Surge
NFT sales over the last seven days rose 43.97% compared to the previous week, according to statistics recorded on Feb. 18, 2023. The volume of NFT sales reached $397.86 million this week, with 345,716 buyers and roughly 1.62 million transactions.
Ethereum Dominates Market
Sales of non-fungible tokens (NFTs) on the Ethereum blockchain led the way, with $360.32 million in sales, a 54.77% increase from the previous week. Solana-based NFT sales followed with $18,790,359, down 7.47% from last week. In terms of seven-day sales, Ethereum and Solana were followed by Polygon, Immutable X, and Binance Smart Chain respectively.
Top Selling Collection
The top-selling collection of non-fungible tokens (NFTs) this week was Otherdeed, with total sales of $47 million increasing 160% compared to the previous week.. Azuki’s sale increased 174%, while Moonbirds‘ sale rose 502%.
Marketplace Statistics
According to weekly metrics from both dappradar and Dune Analytics,, Blur captured more than 66% of market share while Opensea accounted for 23%. The top five marketplaces across different chains were Blur; Opensea; X2Y2; Immutable X Marketplace; Lookrare respectively..
Conclusion
Non-fungible token (NFT) assets have experienced a surge in popularity in recent months as more people come to understand their potential applications as digital collectibles or as investments in art or other digital assets such as music or video games.. With Ethereum dominating 90% of all NFT transactions this past week and collections like Otherdeed topping off weeks’ worth of activity it will be interesting to see where these numbers go next!