Last week was impressive for NFT markets, with a 1.23% increase to a staggering $232.49 million in recorded transactions! The two biggest collections – Otherdeed and Doodles – experienced a remarkable expansion of 44%-58%, respectively, compared to the prior week’s numbers. Ethereum is still far ahead regarding NFTs, representing 81% market share or $188.51 million worth of sales last week alone!
NFT Markets Are Quite Active for A While
The NFT markets have maintained their stability this week and throughout February 2023, showcasing $39.72 million in sales thus far. Remarkably, over the last seven days, there was a notable 1.23% rise in terms of recorded NFT sales – totaling an incredible $232.49 million!
During this period, NFT sales saw an impressive 19.30% growth in buyers to 481,917 and a 3.21% increase in transactions to 1,390,784! Ethereum had the highest number of sales out of all 20 blockchain networks listed on cryptoslam.io, with $232.49 million worth of total purchases across the platforms!
Last week, Ethereum dominated NFT markets with 81% of total payments totaling $188.51 million. Solana followed up in second place, accumulating a 2.65% decrease to $27.40 million since the previous week’s numbers. Immutable X was right behind them and experienced an impressive 37.85% increase in transactions amounting to $4.5 million!
Fantom and Doodles Are the Leaders of the NFT Market by Increase Rate
This past week, the top NFT collections were Otherdeed and Doodles, respectively. Both experienced a significant rise in sales – 44.37% for Otherdeed to roughly $17 million, while Doodles saw an impressive 58.49%, totaling around $13.88 million in settled transactions over seven days!
Coming in next on the NFT markets are Cardano, Polygon, Flow BNB Chain, and Arbitrum, with Fantom seeing 73.81% growth but only registering about 17k NFTs sold in total during this period.
Finally, Mutant Ape Yacht Club (MAYC), Bored Ape Yacht Club (BAYC), and Checks VV Edition all had noteworthy performances throughout this period as well rounding off these illustrious figures accordingly!
On February 5th, 2023, Cryptopunks held the highest NFT floor value of 63.99 ether at 8:00 am ET, and BAYC was not far behind with an approximate worth of 63.5 Ether.
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