This week, the NFT market generated NFT sales volume of $116.944 million, a decrease of 18.39% compared to the previous week. However, the market experienced an increase in the number of NFT buyers rose by 50.56% over the past seven days, equivalent to 1,061,348.
Top Collections by NFT Sales This Week
Here is the overview of the 10 most-traded NFT collections by highest sales volume closed over the past seven days.
Courtyard, an NFT collection powered by the Polygon network, emerged as the king of the jungle. Last week, it dominated the list, and also this week, it topped the table. The collection drew in the largest NFT sales worth $17.023 million over the last seven days, a slight decrease of 5.43% compared to the previous week.
Guild of Guardians Heroes, an NFT collection that runs on top of the Immutable network, took the second position. The collection recorded sales volume of $15.43 million, a decrease of 36.21% compared to the previous week.
DMarket, an NFT and digital in-game item trading marketplace operating on the Mythos Chain network, followed with sales worth $8.58 million, a decrease of 4.42%.
XSY Deposit, a new NFT collection on the Avalanche blockchain, secured the fourth position. The collection recorded a sales volume of $6.60 million over the past seven days.
Fifth on the list is Guild of Guardians Avatars, an NFT collection that runs on Immutable ZkEVM, amassed a sales volume of $6.22 million, a decrease by 34.98%.
Top Wins in the Blockchain Sector
Analysis of blockchain performance in the NFT market showed dynamic results.
Immutable, a blockchain focused on gaming, continues to be a hotbed for big-money NFT trades. Last week, it topped the list, and also this week, it remained at the top. Over the past seven days, Immutable-based NFTs registered a trading sales of $28.37 million, though a decrease by 32.26% compared to the previous week.
Polygon, a L2 scaling solution that aims to solve the Ethereum blockchain’s greatest challenges: high gas fees and sluggish speeds, took the second position. It emerged as the second most-traded blockchain in the NFT market this week. Polygon-focused NFTs attracted a sales volume of $23.34 million over the past seven days, an increase of 24.98% compared to the previous week.
Ethereum, a blockchain recognised as the infrastructure hosting the majority of NFT marketplaces, followed. Despite its dominance in the NFT market share, Ethereum took the third position in this list. Ethereum-based NFT collections registered a sales volume of $20.41 million, a decrease of 32.05% compared to the previous week.
Mythos Chain, a blockchain that aims to democratize the gaming world, was the fourth most-traded network in the NFT market this week. Mythos-based NFT collections registered a sales volume of $14.16 million this week, a slight decrease of 0.03%.
Lastly, Solana, a blockchain hosting a diverse variety of NFT marketplaces, was the fifth most-traded blockchain in the digital collectible market this week. Solana-based NFTs raised a sales volume of $8.733 million, an increase of 42.80%.
