Weekly sales of NFT continue to decline, Google trend data shows that NFT inquiries fell by 45% in 30 days – Markets and prices Bitcoin News

Weekly sales of NFT continue to decline, Google trend data shows that NFT inquiries fell by 45% in 30 days – Markets and prices Bitcoin News

After a weak week in which sales of irreplaceable tokens (NFT) fell by 29.35% last week, the last seven days of NFT sales fell further and lost more than 7%. Of the 12 different blockchains that support NFT, Solana was the only winner, in terms of NFT sales over the past week.

NFT sales fell after last week’s market action

As cryptocurrency markets have faced extreme volatility over the past two weeks, NFT sales, in general, have felt the fury of the storm. On February 16, Bitcoin.com News logged in given a 29.35% drop in sales and nine days later, NFT sales were more than 7% lower than the previous week.

The seven-day NFT statistics from this report are derived from the recorded metrics cryptoslam.io and dappradar.com. Over the past week, there were $ 546 million in NFT sales, down 7.71% from last week’s NFT sales. Statistics show that 307,508 NFT customers performed transactions in 1,540,140 transactions.

Weekly sales of NFT continue to decline, Google trend data shows that NFT inquiries fell by 45% in 30 days – Markets and prices Bitcoin News
Statistics of seven-day NFT sales according to cryptoslam.io February 25, 2022.

Ethereum accounted for the vast majority of last week’s NFT sales with $ 474.8 million, but that’s roughly 3.51% less than a week earlier. Of the top 12 NFT blockchain platforms, Solana recorded the only increase in NFT sales from the crowd, jumping 3.03% more last week.

The biggest losers last week were Binance Smart Chain which fell by 76.68% and Avalanche by 54.56% in terms of weekly NFT sales. The collection with the most sales this week according to cryptoslam.io, is a 3landers with sales of $ 40,828,994. NFT sales of 3landers were followed by Tubby Cats ($ 35.9 million), Invisible Friends ($ 32 million), Mfer ($ 23.7 million) and Bored Ape Yacht Club (BAYC) with $ 23,688,179 weekly sales.

Bored Ape # 4580 sold for $ 1.74 million, Google search queries for NFT fall after high interest in January

The biggest sale in the last seven days was Bored Ape # 4580 for 666 ethers or $ 1.74 million at the time of the settlement. Bored Ape # 4580 was sold at Opense five hours ago, and below that expensive sale was another BAYC NFT. Bored Ape # 1837 sold 13 hours ago for $ 1.5 million, or approximately 569 ethers.

Dappradar.com’s statistics show that Opensea was the largest NFT market, in terms of sales last week. Opensea’s sales were followed by Looksrare, Bloctobay, Ronin’s Axie Infinity and Solana’s Magic Eden.

In the last seven days, the top five blockchains, in terms of NFT sales volume, included Ethereum, Solana, Ronin, Flow and Avalanche. Flow’s Bloctobay seven-day statistics show that NFT sales rose 215.66% from $ 73.78 million in weekly sales.

Weekly sales of NFT continue to decline, Google trend data shows that NFT inquiries fell by 45% in 30 days – Markets and prices Bitcoin News
Global data from Google Trends (GT) shows that search queries for the term “NFT” fell by 45% in 30 days. Screenshot taken on February 25, 2022.

However, global data from Google Trends (GT) shows that interest in NFT has declined, as far as people are searching for the term “NFT” on the Internet. During the second week of January, the NFT search query received 100, which is the biggest trend trend that the query can get at GT. This week, world GT data shows that the NFT search query has an overall rating of 55.

Labels in this story

3landers, 7-day sale, avalanche, BAYC, Blockchain, Blockobay, Bored Ape # 1837, Bored Ape # 4580, Bored Ape Yacht Club, cryptoslam.io, dappradar.com, Ethereum, Flow, Google Trends (GT), Invisible Friends, looksrare, Magic Eden, Marketplaces, Markets, nft, NFT Marketplaces, NFT sales, NFTs, Open sea, Prices, ronin, Solana, Top Sales, Tubby Cats, weekly sales

What do you think about the drop in weekly NFT sales by more than 7% compared to last week? What do you think about the decrease in interest in NFT from mid-January? Tell us what you think about this topic in the comments section below.

Weekly sales of NFT continue to decline, Google trend data shows that NFT inquiries fell by 45% in 30 days – Markets and prices Bitcoin News

Jamie Redman

Jamie Redman is a news anchor on Bitcoin.com News and a financial technology 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 disruptive protocols appearing today.




Image Credits: Shutterstock, Pixabay, Wiki Commons, Bored Ape # 4580, Bored Ape # 1837

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