Judging by the overall view of the market, it looks like NFTs have already started a downward trend, and volume for big exchanges is down 30-60% on average. This means that maybe NFTs will start to slow down for a bit in the upcoming weeks.
Let’s quickly look at the data.
Big Sales of the Week
Top sales in the last 7 days by NonFungible.com
NFT market sales are having a slowdown compared to the last 7 days and a 35% on average decrease in volume for LooksRare and OpenSea.
LooksRare made $2.89B in sales with 6k buyers, a 30% decrease in sales volume last week.
OpenSea made $726M in sales with 217k buyers, almost a 42% decrease in sales volume last week.
Magic Eden made $26M in sales with 56k buyers, almost a 60% decrease in sales volume last week.
Solanart made $1.3M in sales with 5k buyers, almost an 80% decrease in sales volume last week.
AtomicMarket made $4.7M in sales with 38k buyers, almost a 40% decrease in sales volume last week.
Rarible made $626k in sales with 1,026 buyers, a 70% decrease in sales volume last week.
Every week we see the interest in metaverse worlds; people just throw the word metaverse around without realizing that different “metaverse platforms” are being developed. Here we cover the top ones.
The Sandbox made $10.2M in sales with 849 buyers.
Decentraland made $7.7M in sales with 415 buyers.
CryptoVoxels made $644k in sales with 120 buyers.
Somnium Space made $151k in sales with 13 buyers.
What Collectible Market Data is Telling Us
Top 4 collectibles by sales in the NFT space.
Karafuru made $78M in sales with a total of 6,634 buyers who transacted 9,503 times.
Pixelmon made $50M in sales with a total of 6,440 buyers who transacted 8642 times.
Cool Pets made $44M in sales with a total of 11,376 buyers who transacted 13,773 times – a 372% increase in sales volume from last week.
HAPE PRIME made $42M in sales with a total of 1,554 buyers who transacted 2,129 times – a 90% increase in sales volume from last week.
There are more games that promise great gameplay and a big community every week. Currently, Axie Infinity is number one in the P2E world by daily active users. We will feature the top 3 games in volume in the last 7 days.
It seems that Axie Infinity has been bouncing strongly in the last couple of days while the NFT market is taking a pullback.
Axie Infinity made $246M in volume.
DeFi Kingdoms made $170M in volume.
Pegaxy made $68M in volume.
What CryptoArt is Telling Us
Art is still being sold, even though the NFT market is taking a hit. Two XCopy art pieces were the top sales of the week.
Let’s quickly break it down for perspective:
- January sold $61M
- February has sold so far $22M
Stuff happens every week in the NFT space. Prices go up and down daily. That’s why sometimes it is better to concentrate on concrete things like data and ignore the new shiny object every day. So stay focused, and have a great weekend!
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*All investment/financial opinions expressed by NFT Plazas are from our site moderators’ research and experience and are intended as educational material only. Individuals are required to research any product before making any investment thoroughly.
Entrepreneur. Software Engineer. NFTs enthusiast. #NFT