Published on: 16/01/2023

NFT sales fall 59 percent in second week of 2023

Sales of non-fungible tokens (NFTs) for the second week of 2023 were down 59.35 percent from the first week, totaling $208.68 million. On Sunday, January 15, Ethereum (ETH) ranked first, accounting for 75.33 percent of the sales or $157.20.

Solana (SOL) came in second at 18.04 percent of total NFT sales, or $37.66 million, followed by Immutable X, Binance Coin (BNB) and Cardano (ADA).

With $16.69 million in sales, the Bored Ape Yacht Club (BAYC) was the best-selling NFT collection for the second week of January, accounting for 7.998 percent.

After BAYC, the five top best-selling NFT collections are the Mutant Ape Yacht Club (MAYC), Azuki, Art Blocks and the Bored Ape Kennel Club, with Otherdeed, The Captainz, Beanz and Mutant Hound Collars trailing.

As of this writing, the BAYC collection’s floor value is the highest among all NFT collections, at 69.25 ETH, as reported by NFTpricefloor.com.

Cryptopunks followed BAYC with a value of 66.90 ETH, then MAYC, then Autoglyphs, Chromie Squiggle and, lastly, The Sandbox.

Most expensive NFTs this week

According to Cryptoslam.io, the most expensive NFT in the second week of this year was Cryptopunk #4608, which was sold for $329,000. The second most expensive is also Cryptopunk #6,994, which sold for $283,000. The others were Otherdeed #89,263 and BAYC #7,576.

The Mineablepunks collection sold the five most expensive NFTs in the first week of 2023 — #11,468, #11,755, #11,468 and #11,467.

Some NFT collections show growth

Sales of several NFT collections went up last week. Art Blocks significantly rose by 62.94 percent, MAYC rose by 8.1 percent, Otherdeed went up by 11.9 percent and Beanz climbed by 32.8 percent.

Over the past week, NFT sales for BNB also went up by 62.20 percent, Flow by 79.99 percent, Immutable X by 8.51 percent, Solana by 3.11 percent and Ronin by 84.75 percent. Meanwhile, Cardano, Wax, Algorand and Cronos are all examples of blockchains with decreasing sales.

Stats for first week of 2023

Since the beginning of this year, sales on the top NFT marketplaces have climbed. NFT sales surged by 26.01 percent between the last week of 2022 and the first week of 2023.

According to Cryptoslam.io, 1,250,000 NFTs were purchased by 400,748 Buyers. Nineteen blockchain networks sold NFTs for a total of $208.99 million, with Ethereum receiving $164.35 million.

In the first week of 2023, there was a 26.22 percent growth in Ethereum-based NFT sales, followed by increases of 28.8 percent in Solana-based NFT sales, 20.83 percent in Immutable X-based NFT sales, 36.0 percent in Cardano-based NFT sales and 71.35 percent in BNB-based NFT sales.

In terms of percentage growth, BNB had the highest at 71 percent, with Theta coming in second at 69.82 percent.

The BAYC was the NFT collection with the most transactions, making $19,052,102 in sales, with its transactions going up by 53 percent in a week. The Captainz, Azuki, BAKC and MAYC collections trailed closely.

The Mineablepunks NFT collection, on the other hand, saw a total of $5,499,938 in sales during the first week of 2023 — a decrease of 49.50 percent from the previous week.

During the first week of the year, BTC soared above $17,000, and ETH rose to $1,340. Ethereum climbed by over 10 percent, while Bitcoin soared by around four percent.