Following the Federal Reserve’s rate hike on Wednesday, cryptocurrency assets increased in value this week, and non-fungible token (NFT) weekly sales volume data demonstrates an improvement above previous week’s sales metrics. In terms of seven-day sales volume, the aggregate NFT sales volume climbed by 17.86 percent this week to $457 million at the time of writing.
BAYC, MAYC, and Meebits are leading the pack in NFT sales.
After weeks of declining sales volumes, non-fungible token (NFT) sales volume has risen this week. According to cryptoslam.io, seven-day sales have increased 17.86 percent this week across 15 distinct blockchain networks. According to metrics, the total NFT sales volume for the previous week was $457.67 million.
With $398 million in sales over the week, the blockchain Ethereum (ETH) received the most attention. With 64,347 NFT buyers and 158,169 transactions, Ethereum-based NFT sales have climbed by 21.61 percent.
Avalanche-based NFT sales increased 41.06 percent this week among the top 10 blockchains by NFT sales volume. Other big revenue increases this week came from Flow, which increased 13.95 percent, and Binance Smart Chain, which increased 17.54 percent.
The top NFT collection rankings by sales volume over the last seven days are shown in the metrics, with Bored Ape Yacht Club (BAYC) at the top. This week, BAYC NFT sales increased by 301.26 percent, totalling $74.5 million in ether-based transactions.
Mutant Ape Yacht Club (MAYC), BAYC’s sister NFT project, also saw a spike this week. With a volume of $52.7 million, MAYC NFT sales have climbed by 321.80% this week. Meebits, an NFT compilation that soared 708.11 percent in sales volume this week, is the third-largest collection in terms of sales over the last seven days.
In fact, Meebit NFTs are four of the most expensive NFTs sold this week. Meebit #19564, the most valuable NFT, sold for 301.74 wrapped ethereum (WETH), or $833,000.
In terms of sales volume, all three of the aforementioned NFT collections are currently in the top three. The BAYC collection’s floor value is 89 ether, or nearly $250K, as of March 17, 2022. MAYC has the second-highest floor at 17.8 ether ($50K), while Meebit has a floor value of 4.55 ether ($12.7K) today.
Opensea topped the list of this week’s leading NFT marketplaces by sales volume over the last seven days. Looksrare, Bloctobay, Mobox, Atomicmarket, Magic Eden, and Nftrade came in second and third, respectively, in terms of sales volume.
Disclaimer: These are the writer’s opinions and should not be considered investment advice. Readers should do their own research.