NFT Weekly Sales Volume Improves Jumping 17% Higher Than the Week Prior – Bitcoin News

After cryptocurrency assets jumped in value this week, following the Federal Reserve’s rate hike on Wednesday, non-fungible token (NFT) weekly sales volume data shows an improvement from last week’s sales metrics. As of the writing of this report, NFT total sales volume rose by 17.86%, to $457 Million, over seven days.

NFT Sales Rebound — BAYC, MAYC, Meebits Lead the Pack

The volume of sales for non-fungible tokens has rebounded after weeks with declining volumes. Cryptoslam.io statistics show that 7-day average sales rose 17.86% among 15 different blockchain networks. The total NFT volume for the week ended on the 11th of November was $457.67 Million, according to metrics.

With $398 Million of total sales, the blockchain Ethereum (ETH), dominated the top-selling product. Through 64,347 NFT buyers, and 158,169 transactions, Ethereum-based NFT has seen an increase of 21.61% in sales.

Avalanche’s NFT sales increased 41.06% among the top 10 blockchains in terms of NFT volume. Other notable sales growth occurred with Flow rising by 13.95%, and Binance Smartchain increasing 17.54%.

The top NFT collection sales volumes over the past seven days are also shown by Metrics, placing Bored Ape Yacht Club at the top. This week, BAYC NFT sales jumped by 301.26% to more than $74.5million in ether-based sales.

BAYC’s sister NFT project, Mutant Ape Yacht Club (MAYC) also experienced a surge this week. With its volume of $52.7 million, MAYC NFT sales have increased 321.80% this week. Meebits is the third largest collection in the past seven days, in terms of volume. This NFT compilation jumped 708.11% in this week’s sales volume.

In fact, four of the week’s most expensive NFTs sold are Meebit NFTs. Meebit #19564 was the highest-priced NFT, selling for $301.74 wrapped in ethereum WETH or $833K.

The three NFT collections mentioned above also have the highest floor values in terms of total sales. On March 17, 2022, the BAYC collection’s floor value is 89 ether or roughly $250K. MAYC holds the second-highest floor with 17.8 ether or around $50K, while the Meebit’s floor value today is 4.55 ether ($12.7K).

In terms of this week’s top NFT marketplaces by sales volume over the last seven days, Opensea took the top position. Opensea’s sales volume was followed by Looksrare, Bloctobay, Mobox, Atomicmarket, Magic Eden, and Nftrade.

How do you feel about NFT sales improving this week? What do you think about this week’s leading NFT collections? Please comment below to let us know your thoughts on this topic.

Jamie Redman

Jamie Redman, a Florida-based financial journalist and news lead at Bitcoin.com News is Jamie Redman. Redman is an active participant in the cryptocurrency community from 2011. Since 2011, Redman has been an active member of the cryptocurrency community. Redman has contributed more than 5,000 articles to Bitcoin.com News since September 2015. These articles are about disruptive protocols that are emerging.