This Week’s NFT Sales Dropped by 13%, Ronin Markets Rebound, Clonex Climbs Higher
Non-fungible token (NFT) sales have been lackluster this past week, as the aggregate sales volume during the last seven days has dropped 13.75% since last week. The largest number of sales stemmed from Ronin this week as 45,875 buyers increase Ronin-based NFT sales by more than 72%. The NFT collection that recorded the most sales volume over the last seven days was Clonex as the NFT collection’s sales saw a 94.05% rise.
7-Day NFT Sales Slide by 13.75%
After the week of March 20-26, 2022, Google Trends data shows the search term “NFT” slid from a score of 39 to this week’s score of 37. Since scoring a 100 on the week of January 16-22, 2022, the number of queries worldwide for the search term “NFT” dropped by 63%. Last week, in terms of sales, NFT sales volume increased by 34%, and the NFT collection Azuki was the top-selling collection. Since Bitcoin.com News published the weekly NFT sales report, seven-day statistics show NFT sales are down 13.75%.
Metrics derive from cryptoslam.io rankings and the platform records sales stemming from 15 different blockchains. Ethereum saw the most number of NFT sales during the last week with $570.2 million. All 15 blockchain networks processed approximately $662.4 million over the last seven days. This means more than 86% of all the NFT sales last week stemmed from the Ethereum blockchain. However, Ethereum-based non-fungible token sales dropped 12.55% lower than last week’s ETH-based NFT sales.
The blockchain network Ronin was the leader this week in terms of NFT sales capturing a 72% increase from last week’s numbers. Following Ronin’s NFT sales were the blockchain networks Panini up 25.47%, Cronos NFT sales increased by 24.13%, and Palm sales jumped by 22.70% this week. The biggest blockchain losers in terms of seven-day NFT sales include Tezos down 52.93% and Avalanche down 36.35% since last week.
This week’s top NFT collection in terms of sales is the Clonex NFT compilation which has increased by 94.05%. Clonex has captured $45,945,175 in sales over the last seven days between 487 buyers. Clonex’s seven-day sales stats are followed by Mutant Ape Yacht Club (MAYC), Bored Ape Yacht Club (BAYC), Arcade Land, and Moar respectively. While BAYC was the third-highest last week in sales, BAYC sales volume has dropped by 28.69%.
BAYC still has the most expensive floor price at 109 ether but another collection called PROOF Collective has a floor at 82 ether at the time of writing. The top three most expensive NFT sales this week stemmed from the BAYC collection. Bored Ape Yacht Club 5,149 sold for $797.7K or 245 ether, Bored Ape 7204 sold for $695.8K or 215 ether, and Bored Ape 1131 exchanged hands for $627.2K or 180 ether at the time of settlement.
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Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 5,000 articles for Bitcoin.com News about the disruptive protocols emerging today.