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The non-fungible token market has shown little signs of making a comeback any time from now, with the number of NFT collectors trading NFTs up by more than 15% this week. In this edition, we will assess NFT trading activity this week as well as the market forecast for the weeks to come.

4.57% decline in NFT sales

Data compiled by CryptoSlam.io, an on-chain data aggregator, indicates that the NFT market has experienced a sharp increase in users trading NFTs this week. The number of users who have purchased NFTs in the past seven days has increased by 17.77% to 569,407. The NFT value of users selling NFTs also increased by 15.82%.

Unfortunately, despite the increase in the number of collectors trading digital collectibles, NFT sales volume is still down 4.57% this week. The NFT market has recorded a trading sales volume of $61 million in the last seven days.

blockchain sales

The non-fungible token collection, hosted on Ethereum, the largest blockchain for NFTs, has been the most traded NFT collection this week. Ethereum NFTs have generated $32 million in trading sales volume over the past seven days. Ethereum NFTs are down 5.02% this week.

Digital collectibles hosted on Mythos Chains are the second most traded NFT collectibles this week. Over the past seven days, Mythos Chains NFTs have recorded a trading sales volume of $9.1 million. Mythos Chain NFTs are up 6.93% this week.

The non-fungible token hosted on the decentralized blockchain network, Solana, has been the third most traded NFT this week. Solana-based NFTs have garnered $5.5 million in trading sales volume over the past seven days. Solana-based NFTs are down 8.14% this week.

NFTs hosted on Polygon and Immutable Sales of Immutable

Best-selling NFT collections this week

Best selling NFTs

1. DMarket NFT Collection

This week, DMarket, an NFT collection hosted on the Mythos Chain blockchain, has been the most traded NFT collection. The DMarket NFT collection has attracted $9.1 million in merchandise sales over the past seven days. DMarket NFT collection is up 7.01% this week.

2. Bored Ape Yacht Club NFT

Bored Ape Yacht Club, an NFT collection from digital asset incubation studio Yuga Labs, has been the third most traded NFT collection this week. In seven days, the Bored Ape Yacht Club NFT has garnered a trading sales volume of $3.4 million. Bored Ape NFT has declined by 8.42% this week.

2. DraftKings Rain Makers NFT

Rain Makers is an NFT collection from DraftKings, an NFT marketplace hosted on the Polygon Network. DraftKings’ Rain Makers has been the second most traded NFT collection this week. Over the past seven days, the DraftKings Rain Makers NFT has attracted a trading sales volume of $3.1 million. Sales of the DraftKings Rain Makers NFT have declined by 2.47% this week.

4. God’s Unchained NFT

Gods Unchained is an NFT collection of the digital trading card game Gods Unchained, hosted on the Immutable X network. Gods Unchained has been the fourth most traded NFT collection this week. Gods Unchained has generated a trading sales volume of $2.9 million over the past seven years. NFT collections are up 36% this week compared to last week.

5. Sorare NFT

Sorare, an NFT collection of the fantasy sports cryptocurrency-based video game Sorare, has been the fifth most traded NFT collection this week. Over the past seven days, Sorare NFTs have attracted trade sales of $2.3 million. Unfortunately, Sorare NFTs are down 20.71% this week.

6. CryptoEdge NFT

CryptoEdge, an NFT collection by digital artist Glemplin, consisting of a limited edition of 6969 NFTs, has been the sixth most traded NFT collection this week. Over the past seven days, the NFT collection has recorded a merchandise sales volume of $1.6 million. Sales of NFT collections have increased by 6191% this week.

7. Winds of Yawanawa NFT

The Winds of Yawanawa is an NFT collection by renowned Turkish-American new media artist Refik Anadol in partnership with the Yawanawa community, an indigenous people in the Brazilian Amazon forest. The Yawanawa NFT collection has been the seventh most traded NFT collection. Over the past seven days, the NFT collection has racked up $1.4 million in sales volume.

8. CryptoPunks NFT

CryptoPunks is an NFT collection from the first digital asset firm Larva Labs, consisting of a limited edition of 10,000 NFTs hosted on the Ethereum network. The NFT collection, which is now in the safe hands of Yuga Labs, has been the eighth most traded NFT collection this week. Over the past seven days, the NFT collection has recorded a merchandise sales volume of $1.4 million. NFT collections are down 48% this week compared to last week.

9. Mutant Ape Yacht Club NFT

Mutant Ape Yacht Club, an NFT collection from digital asset firm Yuga Labs consisting of a set of 20,000 NFTs hosted on the Ethereum network, has been the ninth most traded NFT collection this week. Over the past seven days, the NFT collection has attracted a sales volume of $1.1 million. Sales of the Mutant Ape NFT collection have declined by 3.42% this week.

10. Coda NFT

Coda is an NFT collectible from Yuga Labs’ metaverse game venture Unsidely, which allows NFT holders to participate in gameplay. The Coda NFT collection has been the tenth most traded NFT collection this week, garnering a trade sales volume of $829,174. Coda NFT sales have increased by 31% this week.

CryptoEdge #4030 has been the most expensive NFT collectible this week, selling for $1.7 million four days ago. The second most expensive NFT collectible is StarCraft Planets #1508, which sold three days ago for $32,883. EarthNode #233 and ArchiFinance #108 have been the third and fourth most expensive NFT collectibles this week, having sold for $25,737 and $19,600 two days ago.

Most Exclusive NFT

Is the end of the bear coming?

Despite a recent study declaring 95% of NFTs worthless, the NFT market still has huge potential for another comeback. NFTs are not a digital asset to be declared dead. Over the past decade, we have seen many sentiments calling “Bitcoin is dead,” yet there have been very few of these serious announcements in the current crypto winter.

dead-nft-analysis

into the flagship crypto “Bitcoin” after the United States Securities and Exchange Commission “SEC” failed to appeal against the court’s tough decision blocking the digital currency asset management company Grayscale from converting its Bitcoin Trust into more Today there is an increase of 55%. Investor-friendly exchange-traded funds. The highly anticipated Grayscale ETF approval will also have a positive impact on the NFT market.

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