Data shows that there was about $119 million in NFT sales volume during the last seven days, an encouraging sign given the market’s woes. While the sales volume was 4.20% lower than that of last week, there was a 2.69% increase in NFT transactions!
Most of the sales volume stemmed from Ethereum NFTs, as there was $86.59 million in ETH-based NFT sales during the last seven days. Solana NFT sales saw a 29.57% increase and recorded $16.11 million in NFT sales, while Algorand saw a much steeper increase at 55.15% higher than last week’s ALGO-based NFT sales.
Three Yuga Labs projects lead NFT sales in the last seven days - Otherdeed, Mutant Ape Yacht Club (MAYC), and Bored Ape Yacht Club (BAYC). ApeCoin, the BAYC ecosystem's token, has seen a significant price bump in recent weeks ahead of the staking launch, with a 21.8% price increase over the past 14 days.