Investors purchasing NFTs increased by 25% in the last week of March.

The non-fungible token market has faced a severe collapse in recent weeks. Most floor prices fell below 20 Ethereum. This is a 90% decline from the 2022 all-time high. Even as fellow cryptocurrency markets are booming, the NFT market is in decline. The rally runs counter to the initial bull market. However, this week the number of investors purchasing NFTs increased by 25% compared to last week.

NFT status over the past 7 days

Data from on-chain market data aggregator CryptoSlam.io shows that global non-fungible token trading volume has plummeted again for the fourth week in a row. Over the past seven days, NFT market sales volume was $231 million, down 17% from the previous week.

Source: Cryptoslam.io, NFT sales in the last 7 days

This week saw an increase in the number of investors buying and selling collections of non-fungible tokens. Over the past seven days, NFT buyers increased 25% to 690,198, and NFT sellers increased 21.78% to 456,023. This trading activity drove the number of NFT transactions to 1.8 million, an increase of 12.65%.

Bitcoin, the same blockchain network that powers the flagship cryptocurrency Bitcoin, was the most traded blockchain network in the non-fungible token market. Over the past seven days, Bitcoin-based NFT collections have recorded $81 million in trading volume. Bitcoin NFT sales plummeted 7.73% from last week.

Source: CryptoSlam.io, selling NFTs via blockchain network

Ethereum, the blockchain network that hosts most of the blue chip non-fungible token collection, was the second most traded blockchain network in the NFT ecosystem this week. In the past seven days, Ethereum-based NFT collections have sold $72 million. Ethereum NFT sales are down 28% from last week.

Solana, a decentralized blockchain network, and Polygon, an Ethereum scaling solution, are the third and fourth most traded blockchain networks in the NFT ecosystem. In the past seven days, Solana-powered NFT collections have recorded $46 million in transaction sales. Solana NFT sales fell 14%. During this period, Polygon NFTs recorded sales of $7.4 million.

The 10 best-selling NFT collections this week

Source: CryptoSlam.io, Top selling NFTs in the last 7 days

1. Bitcoin Ordinal Collection

Bitcoin Ordinal, a collection of non-fungible tokens created on the Bitcoin blockchain network using Satoshi Nakamoto’s Ordinal protocol, is this week’s best-selling NFT collection. In the past seven days, Bitcoin Ordinal Collection has recorded $20 million in sales.

2. $?? BRC-20 NFT Collection

The Question??, a collection of non-fungible tokens created on the Bitcoin blockchain network using the BRC-20 token standard protocol, is the second best-selling NFT collection this week. In the last 7 days, ?? The BRC-20 NFT collection recorded $12 million in transaction sales. Trading volume surged 788% compared to last week.

3. Mad Lads NFT Collection

Mad Lads, a collection of non-fungible tokens from Solana development project Coral featuring a limited edition of 10,000 pieces hosted on the Solana blockchain network, is the third best-selling NFT collection of the week. In the past seven days, the Mad Lads NFT collection has sold $7.7 million. Mad Lads NFT sales are down 22% compared to last week.

4. $JIGO BRC-20 NFT Collection

$JIGO, a collection of non-fungible tokens created on the Bitcoin blockchain network using the BRC-20 token standard protocol, was the fourth best-selling NFT collection this week. In the past seven days, the $JIGO BRC-20 NFT collection has sold $7.5 million. $JIGO NFT trading volume surged 295% compared to last week.

5. DMarket NFT Collection

DMarket’s collection of non-fungible tokens, a digital marketplace platform where millions of gamers and esports fans can trade virtual in-game items using a comprehensive range of advanced gaming technology and fintech capabilities, is the fifth best-selling token of the week This is an NFT. collection. Over the past seven days, the NFT collection has recorded a trading volume of $6.9 million.

Source: CryptoSlam.io, Top selling NFTs in the last 7 days

6. Boring Monkey Yacht Club NFT Collection

The Bored Ape Yacht Club, the best-selling NFT collection of all time from digital asset company Yuga Labs featuring a limited supply of 10,000 apes hosted on the Ethereum blockchain network, is the sixth best-selling NFT collection of the week. Over the past seven days, the Bored Ape Yacht Club NFT collection has recorded $6.8 million in transaction sales.

7. NodeMonkes NFT Collection

NodeMonkes, an NFT collection featuring a limited supply of 10,000 pixelated NFTs hosted on the Bitcoin blockchain network, is the seventh best-selling NFT collection this week. Over the past seven days, transactional sales of the NodeMonkes NFT collection reached $6.2 million.

8. Proganas NFT Collection

Froganas, a collection of non-fungible tokens featuring a limited set of 5,555 unique frog-themed digital collectibles built on the Solana blockchain network, is the eighth best-selling NFT collection this week. Over the past seven days, the Froganas NFT collection has recorded $4.9 million in transaction sales.

9. Gods Unchained NFT Collection

Gods Unchained, a collection of non-fungible tokens hosted on the Immutable In the past seven days, the Gods Unchained NFT collection has recorded $4 million in transaction sales.

10. Pandora NFT Collection

Pandora, a collection of 10,000 replicant NFTs bound to the first token built on ERC404, an experimental token standard that enables persistent liquidity and semi-fungibility for Ethereum NFTs, ranked #10 among the top-selling NFT collections this week no see. Over the past seven days, the Pandora NFT collection has recorded $3.8 million in transaction sales, rounding out the top 10 best-selling NFTs.

Top NFT sales this week

Source: CryptoSlam.io, highest nft sales in last 7 days

Arcade.xyz is the most expensive non-fungible token this week, selling for $346,089 just four days ago. The Bitcoin Ordinal collection is the second most expensive NFT collection this week, having sold for $276,665 7 days ago. TurboVerse #3174 was the third most expensive NFT this week, selling for $245,587.

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