The non-fungible token (NFT) market skilled one other sluggish week, with general gross sales dipping by 7.5% over seven days, reaching $121.4 million on June 1.
High blockchains by gross sales quantity
During the last seven days, Ethereum (ETH) has stayed in first place because the main blockchain for NFT transactions after overtaking Bitcoin (BTC) final week.
In keeping with knowledge from CryptoSlam, the blockchain maintained its dominance with whole gross sales of $37.43 million, regardless of an 11.24% lower from the earlier week.
Bitcoin, the second most lively blockchain for non-fungible token gross sales, raked in $27.21 million — reflecting a 12.88% drop.
Solana-based NFTs generated simply over $19 million, marking a slight 0.52% decline.
Curiously, Polygon (MATIC) stood out with a 27.10% improve in gross sales over the earlier week, totaling roughly $15.6 million. Immutable X (IMX) additionally confirmed optimistic motion, with gross sales climbing 12.23% to $8.49 million.
Month-to-month gross sales quantity
Over 30 days, gross sales quantity top-five rating was just about the identical because the weekly one, with solely Blast changing Immutable at #5. Ethereum registered $163.7 million in gross sales all through Could, a determine that was 55% decrease than the blockchain’s April numbers.
Bitcoin suffered a 73.44% drop when it comes to month-to-month gross sales quantity, bringing in $158.5 million. This was regardless of having the perfect gross sales numbers in not less than two weeks in Could.
Solana (SOL) earned simply north of $94 million over 30 days, denoting a forty five.8% dip from its April ranges. And regardless of being within the inexperienced for the final two weeks, Polygon’s Could NFT gross sales quantity had been down 34.60%.
Blast, nevertheless, bucked the unfavorable development, exhibiting a exceptional 519.17% improve in gross sales quantity over the previous 30 days. The layer-2 chain ended the month with greater than $49 million price of NFTs traded within the interval.
Curiously, Blast additionally had the best improve when it comes to month-to-month wash buying and selling numbers, with over $1.2 million recorded, representing a whopping 931.23% bounce from April.
Costliest NFTs
When it comes to particular person items, Azuki #3374 from the Ethereum blockchain bought for a considerable $393,112 — the highest-priced cryptographic token of the week.
It was adopted by a notable sale on the Bitcoin blockchain, the place an Ordinal inscription fetched $305,258. Solana additionally made an look with Boogle #061, promoting for $206,936.
Over the complete month, CryptoPunks #741 was the most costly NFT, fetching $792,046 on Could 13. One other Bitcoin Ordinal inscription got here in second after altering arms for $681,497.
CryptoPunks #3619, bought by malcode-vault.eth for 215 ETH, translating to $627,990, was the third priciest NFT in Could. It was adopted by Azuki $3374 and one more CryptoPunk, #4926, which earned its proprietor $329,252.
NFT assortment rankings
Among the many week’s high NFT collections, Uncategorized Ordinals took the lead with $7,810,518 in gross sales, regardless of a 15.31% lower from the earlier week. Guild of Guardians on Immutable X secured the second spot, with gross sales rising 18.48% to $5.65 million.
Different notable collections included DMarket in third place, Nodemonkes in fourth, and Bored Ape Yacht Membership (BAYC) wrapping up the highest 5.
As for the complete month, Bitcoin’s Uncategorized Ordinals assortment maintained its primary spot, with greater than $48.6 million in gross sales. Nonetheless, the determine represented a regarding 70.13% dip when it comes to month-to-month gross sales quantity.
The second most traded NFT assortment in Could was Blast’s Fantasy High, whose gross sales quantity skyrocketed 674.89% to fetch greater than $46 million over the interval.
One other NFT assortment whose month-to-month gross sales quantity registered an uptick was Guild of Guardians, going up almost 67% to push it into fifth place.