NFT Markets are starting to evolve little by little and there are new projects rising and dying every day, but there is a small amount of quality NFT projects that keep on striving month after month. Weekly volume in general for the NFT market is above the billions, is the market in a turning point?
Let’s quickly look at the data.
Big Sales of the Week
Top sales in the last 7 days by NonFungible.com
OpenSea made $791M in sales with 202k buyers, almost a 23% increase in sales volume last week.
LooksRare made $655M in sales with 6k buyers, almost a 7.33% decrease in sales volume last week.
Magic Eden made $5.89M in sales with 16k buyers, almost a 0.62% decrease in sales volume last week.
Solanart made $2.24M in sales with 5k buyers, almost a 62.88% decrease in sales volume last week.
AtomicMarket made $4.69M in sales with 35k buyers, almost a 0.67% decrease in sales volume last week.
Rarible made $776k in sales with 646 buyers, a 93% increase in sales volume last week.
Every week we see the interest in metaverse worlds growing; people just throw the word metaverse around without realizing that different “metaverse platforms” are being developed. So here we cover the top ones.
The Sandbox made $5.4M in sales with 746 buyers.
Decentraland made $1.8M in sales with 238 buyers.
Somnium Space made $356k in sales with 29 buyers.
CryptoVoxels made $283k in sales with 56 buyers.
What Collectible Market Data is Telling Us
Top 4 collectibles by sales in the NFT space.
Azuki made $64M in sales with a total of 459 buyers who transacted 612 times – a 0.76% decrease in sales volume from last week.
CloneX made $53M in sales with a total of 593 buyers who transacted 747 times- a 236% increase in sales volume from last week.
Beanz made $38M in sales with a total of 1,350 buyers who transacted 2,079 times- a 84% increase in sales volume from last week.
Mutant Ape Yacht Club made $36M in sales with a total of 388 buyers who transacted 481 times- a 2.74% 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. Below are the top 3 games in volume in the last 7 days.
Axie Infinity made $381M in volume.
DeFi Kingdoms made $161M in volume.
MOBOX: NFT Farmer made $41M in volume.
What CryptoArt is Telling Us
Let’s quickly break it down for perspective:
- January sold $61M
- February sold $45M
- March sold $57M
- April has sold so far $29M
Markets are always tricky, there are ups and downs so you will have to figure out which projects you want to support long term. There is no right or wrong way to do it, at its first principle is always about fundamental value, at least in the long run. Choose wisely!
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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