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According to data from NFT data aggregator CryptoSlam, the sales volume for NFTs minted on the Ethereum network has fallen gradually since the beginning of August.
In fact, at the time of writing, total sales made on the chain stood at $82,541,608.15. This represented a 10% decline over the last seven days alone.
Now, how have leading NFT collections on the Ethereum network fared over the aforementioned period?
This is a collection of 10,000 uniquely generated characters. At press time, the floor price for the NFT collection was 74.49 ETH, after hiking by 9.54% over the last seven days.
So far this month, $8.34 million has been totalled as sales volume for the collection, as per data from NFTGo. This has seen a hike of 135% within that period. Following a 3.21% uptick over the last seven days, the collection’s market capitalization was spotted at $2.41 billion.
Source: NFTGo
However, significant trading activity has been underway over the last 24 hours. In fact, data from CryptoSlam put CryptoPunks atop others projects as the NFT collection with the highest sales volume over the last 24 hours.
Source: CryptoSlam
Founded by Yuga Labs, BAYC is a collection of 10,000 unique Bored Ape NFTs designed to live on the Ethereum blockchain. Over the last seven days, with 58 sales transactions completed so far between 53 sellers and 57 buyers, the total sales volume registered by this NFT collection stood at $8.52M.
Unfortunately, unlike CryptoPunks, BAYC noted a 2.65% decline in its market capitalization over the same period.
Its floor price also fell by -4.75% in the last seven days. At press time, this stood at 81.75 ETH on the charts.
Source: NFTGo
The collection also noted a huge blow to its sales volume in the last 24 hours. With just over $1.2 million recorded, a 52% decline was seen over the aforementioned period.
Described as utility-enabled PFPs, Moonbirds is a collection of 10,000 NFTs, each possessing a diverse and unique pool of rarity-powered traits.
The collection’s floor price dropped by 12.06% over the last seven days. At press time, a collector can collect a Moonbird for as low as 16.4 ETH ($27,603.40). As expected, with the steady decline in floor price, sales volume rallied by over 30% and totalled $4.47 million in seven days.
Source: NFTGo
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Abiodun is a full-time journalist working with AMBCrypto. He is also a lawyer with over 2 years of experience. With a keen interest in blockchain technology and its limitless possibilities, Abiodun spends his time understanding the technology, building projects, and educating people about it.
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