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Monthly NFT Sales Have Dropped Over 65% Lower Than the Month Prior, NFT Google Queries Sink

06/06/2022 by Idelto Editor

Monthly NFT Sales Have Dropped Over 65% Lower Than the Month Prior, NFT Google Queries Sink

Non-fungible token (NFT) sales are down a great deal, as 30-day statistics show NFT sales recorded last month saw just over $4.6 billion settled but today, sales are down 65.43% to $1.59 billion. Furthermore, Google Trends data indicates that interest in NFTs has dropped to the lowest point since the first week of October 2021.

From $4.6 Billion to $1.5 Billion — NFT Sales Slide More Than 65% Lower Than the Month Before

Over the last two years, non-fungible tokens (NFTs) have become very popular and a billion-dollar industry in a relatively short period of time. However, in recent times NFT interest and sales have been slashed significantly, and monthly NFT sales metrics show a gradual decline during the past few months.

For example, 30-day NFT sales statistics from the analytics web portal cryptoslam.io reveal that NFT sales have dropped 65.43% since last month. The month prior, $4.6 billion in NFT sales were recorded across 17 different blockchains, but over the last 30 days, only $1.59 billion in NFT sales were settled.

NFT sales stemming from the Ethereum blockchain were the most dominant, capturing $1.31 billion out of the $1.59 billion settled. However, ETH-based NFT sales are down 67.99% among 250,925 buyers and 1,047,363 transactions.

Many other blockchains have seen massive NFT sales declines over the last 30 days, as Polygon NFT sales dipped 70.86%, Ronin’s non-fungible token sales dropped by 70.26%, Wax blockchain NFT sales saw a decline of around 43.89%, and Avalanche’s non-fungible token sales are down 91.43%.

Palm-based NFT sales are down 60.59%, Cronos has lost 76.09% in non-fungible token sales, and Arbitrum NFT sales have slid 66.74% since last month. The top NFT collection last month in terms of overall sales volume was Otherdeed’s $143,562,582 in sales, but that metric is down 82.25% lower than the month prior.

Bored Ape Yacht Club (BAYC) was the second largest collection in terms of NFT sales with $119 million recorded. But BAYC’s overall NFT sales have dropped 62.44% lower than the month before. Out of the top five, the Azuki and Goblintown NFT collections were the only projects that saw 30-day gains.

Goblintown sales were not recorded the month prior and Azuki sales climbed 31.56% higher. Mutant Ape Yacht Club was also a top-five contender but the $74.5 million in sales are down 76.77% lower than the month before.

Otherdeed, Bored Apes Dominate Last Month’s Most Expensive NFT Sales — Google Trends Data Shows NFT Interest at Lowest Point Since October 2021

Google Trends (GT) data worldwide indicates that this week the search term “NFT” has slid to its lowest point since the first week of October 2021. Weekly statistics for the week of May 29 through June 4 show the search term “NFT” has dropped down to a score of 23 out of 100. The last time NFT interest was this low, at least according to GT query metrics, was during the week of October 3 through October 9. The search term “NFT” tapped a high score of 100 during the week of January 16 through January 22, 2022, but search interest has been dropping lower ever since that day.

Out of the top-five most expensive NFT sales during the past 30 days, three of the sales stemmed from the Otherdeed collection. The sales include Otherdeed #17,164 which sold for 601 ether or $1.14 million, Otherdeed #66,813 which sold for 303 ether or $776K, and Otherdeed #55,197 which sold for 214 ether or $563K.

Other NFTs included in the most expensive NFT sales during the last month include Ken Hicks (Token ID: 6,908) that sold for 332.52 ether or $849K, and Bored Ape #1,725 which sold for 250 ether or $584K. Out of the top-20 most expensive NFTs sold in 30 days, other collections include Clonex and Ken Hicks, but 18 of the 20 most expensive NFTs sold come from the Otherdeed and BAYC NFT compilations.

What do you think about the last 30 days of NFT sales declining more than 65% lower from the month prior? Let us know what you think about this subject in the comments section below.

Filed Under: 30-day NFT sales, Avalanche, Azuki, BAYC, Blockchain NFTs, blockchains, Bore Ape Yacht Club, Bore Apes, Bored Ape 1725, Bored Ape Yacht Club, Bored Apes, Clonex, English, ETH, ether, Ethereum, Ethereum (ETH), Goblintown, Google NFT, Google trends, GT Data, Ken Hicks, Markets and Prices, MAYC, Monthly NFT Sales, News Bitcoin, nft, NFT sales, NFTs, Otherdeed, Otherdeeds, sales, WAX

Cumulative NFT Sales Among 18 Blockchain Networks Surpass $36 Billion

20/05/2022 by Idelto Editor

Cumulative NFT Sales Among 18 Blockchain Networks Surpasses $36 Billion

Statistics recorded this week show that the aggregate number of non-fungible token (NFT) sales, settled across more than a dozen different blockchains, has officially surpassed $36 billion. While there are 18 competing blockchains offering NFTs, Ethereum-based NFT sales dominate by more than 75%. While Ronin commands the second-largest amount of NFT sales, NFTs from the game Axie Infinity have been the top-selling collection for quite some time, with more than $4 billion in global sales to date.

$36 Billion in All-Time NFT Sales, Ethereum Dominates Sales by More Than 75%


The world of blockchain-based digital collectibles has been a force to reckon with as the NFT ecosystem has become a multi-billion-dollar industry. This week’s metrics indicate that all-time NFT sales have surpassed $36 billion to date.

Cumulative NFT Sales Among 18 Blockchain Networks Surpass $36 Billion

The $36 billion in sales recorded on cryptoslam.io’s NFT dashboard stems from 18 different blockchains like Ethereum, Ronin, Solana, Avalanche, Wax, Polygon, and Flow to name a few. Ethereum’s $27 billion in NFT sales, however, represents 75.02% of the total number of sales across all the chains.

Cumulative NFT Sales Among 18 Blockchain Networks Surpass $36 Billion

The top blockchains in terms of all-time NFT sales besides Ethereum include Ronin ($4B), Solana ($2.2B), Flow ($1B), Polygon ($591M), Wax ($430M), Avalanche ($277M), Immutablex ($98.7M), Palm ($50.5M), and Tezos ($40.4M). All-time NFT sales from the top nine blockchains add up to approximately 24.61% of the non-Ethereum-based NFT sales.

The remaining nine blockchains below Tezo’s position only represent 0.37% of the $36 billion in all-time NFT sales volume. Ethereum’s 1,300,118 NFT buyers and Ronin’s 1,742,207 NFT buyers are the only two chains with more than a million unique NFT buyers.

Cumulative NFT Sales Among 18 Blockchain Networks Surpass $36 Billion

Out of the $36 billion in NFT sales, the top NFT collection in terms of all-time sales is Axie Infinity, which has seen more than $4 billion in sales. The second-largest collection in terms of sales is Cryptopunks, which has seen $2.24 billion in sales.

Cryptopunks is followed by Bored Ape Yacht Club (BAYC) which has recorded $2.12 billion in all-time sales. BAYC is followed by Mutant Ape Yacht Club ($1.52M), Artblocks ($1.25M), NBA Top Shot ($1M), Otherdeeds ($906K), Azuki ($756K), Clonex ($671K), and Veefriends ($538K).

Most Expensive NFTs Stem from Veefriends, BAYC, Cryptopunks, Cyberkong — Opensea Still Commands the Most Amount of Sales by an NFT Marketplace


All-time sales metrics from cryptoslam.io’s dashboard indicate that the most expensive NFT sold is Veefriends’ “Thoughtful Three Horned Harpik,” which sold for 100,000 ether or $316 million. The Veefriends NFT is followed by Cryptopunk 5822 which sold for 8,000 ether or $23.7 million.

Five of the most expensive NFTs sold out of the top ten are BAYC NFTs and two are Cryptopunks. Other collections in the most expensive NFT top ten list included Meebits 10,761 and Cyberkong VX 8252.

Out of all the NFTs sold, most are purchased on the NFT marketplace Opensea with the market Looksrare following the platform’s lead. Other notable NFT marketplaces include Magic Eden, Flow’s NBA Top Shot market, Mobox, Solanart, Wax’s Atomicmarket, Bloctobay, and Rarible.

While billions of dollars worth of NFTs have been sold during the last few weeks, NFT sales have been dropping significantly. Weekly NFT trade volumes are down and weekly NFT sales have also floundered during the past few weeks. If the crypto economy is truly in a bear market cycle it will be interesting to see how the NFT industry handles the downturn.

What do you think about the 18 blockchains recording $36 billion in all-time NFT sales? Let us know what you think about this subject in the comments section below.

Filed Under: All-time sales, Artblocks, Atomicmarket, Avalanche, Azuki, BAYC, Blockchain, Blockchain NFTs, blockchains, Bore Ape Yacht Club, Bore Apes, cryptopunks, English, ETH, ether, Ethereum, Ethereum (ETH), Magic Eden, MAYC, Meebits, NBA Top Shot, News Bitcoin, nft, NFT sales, NFTs, Opensea Marketplace, Otherdeeds, Rarible, sales, Solana, Veefriends, WAX

Value Locked in Defi Sheds $55 Billion in 2 Months, Ethereum’s Defi Dominance Loses 14%

06/03/2022 by Idelto Editor

The crypto-economy has been sliding in value during the last 48 hours as the current market valuation for all 13,000+ crypto assets is $1.83 trillion. Furthermore, the total value locked (TVL) in decentralized finance (defi) protocols has slipped below the $200 billion mark to $196.02 billion on Sunday morning (EST). Meanwhile, Ethereum’s dominance is 55.54% of the current aggregate TVL held in defi today with $108.88 billion.

Value Locked in Defi Protocols Sink, Ethereum Loses Decentralized Finance Dominance

The value in defi protocols has slipped from the $251 billion mark at the end of December 2021, to today’s current $196.02 billion. That’s a drop of around 21.91% in USD value during the last two months.

On Sunday, March 6, 2022, the current TVL held in defi has increased 0.11% during the last 24 hours with Curve Finance dominating the protocol pack. Curve’s $17.88 billion TVL represents 9.12% of the TVL held in defi, as it increased 0.64% during the last week. Curve is followed by Makerdao ($15.15B), Lido ($12.79B), and Convex Finance ($12.58B).

Ethereum still dominates the TVL in defi this weekend, but only by 55.59%, according to defillama.com chain stats. On October 5, 2021, ETH defi dominance was 69% and over the last five months, it shed 14% dominance. Today, Terra holds the second-largest defi TVL with $22.67 billion locked, and more than half locked into the Anchor protocol.

Terra is followed by BSC ($11.71B), Avalanche ($10.74B), and Fantom ($7.69B) in terms of TVL held in defi protocols on Sunday. Solana’s defi TVL this weekend is $6.83 billion down more than 5% during the last seven days.

At press time, there are 381 decentralized exchange (dex) platforms holding a combined TVL of around $64.65 billion. Coingecko.com data shows Uniswap v3 is the top dex this weekend with $856.6 million in 24-hour volume.

Uniswap v3 is followed by Pancakeswap ($317M), Spookyswap ($270M), Curve ($155M), and Astroport ($155) in terms of daily dex volumes. The top three leading smart contract platform tokens in terms of seven-day gains include waves (WAVES) up 51% this week, lisk (LSK) up 28.9% and wanchain (WAN) jumped 23.6%.

On March 6, there’s currently $23.37 billion total value locked in cross-chain bridges to Ethereum, according to Dune Analytics’ metrics. Leading cross-chain bridge TVLs include blockchains like Avalanche, Polygon, Fantom, Ronin, and Arbitrum respectively.

Presently there are 25 decentralized finance (defi) oracles and Chainlink dominates the pack. Chainlink secures $52.23 billion in value across 141 protocols, as it has an oracle dominance of around 54.83% on Sunday morning.

What do you think about the activities tied to the decentralized finance (defi) space? Let us know what you think about this subject in the comments section below.

Filed Under: Aave, Arbitrum, Avalanche, Balancer, Binance Smart Chain, blockchains, Bridges, BSC, Chains, Curve, decentralized exchange, decentralized finance, defi, Defi Blockchains, Defi Total Value Locked, Defi TVL, defillama.com, DEX, Dex Platforms, English, ETH, Ethereum, LUNA, News Bitcoin, Pancakeswap, Protocols, Solana, Sushiswap, Terra, total value locked, TVL, uniswap

NFT Sales Nosedive This Week as Volume Drops Close to 30%

16/02/2022 by Idelto Editor

NFT Sales Nosedive This Week as Volume Drops Close to 30%

According to current metrics, non-fungible token (NFT) sales have dropped 29.35% since last week. While Ethereum and Solana are the two blockchains with the most NFT sales volume, both blockchain networks have seen NFT sales nosedive anywhere between 27% to 32% over the last seven days.

Weekly Non-Fungible Token Sales Plummet Despite Recent $23 Million Cryptopunk Sale

Non-fungible token (NFT) sales volume is down this week despite Cryptopunk #5822 selling for 8,000 ether worth $23 million. According to today’s statistics stemming from cryptoslam.io, during the last seven days, there’s been $628.2 million in NFT sales.

The 29.35% slide is due to some of NFT sales drops across the most leveraged blockchains that support NFTs. For instance, Ethereum’s weekly NFT sales volume dropped by 32.27% and Solana’s weekly sales volume dipped by 27.55%.

Ronin, however, saw NFT sales increase during the last seven days, as the chain with the third-largest number of NFT sales saw an increase of 30.62%. The next four largest blockchains, in terms of NFT sales, also saw decreases across the board.

Avalanche lost 6.62% in weekly NFT sales, Flow’s sales dipped by 38.84%, Wax blockchain sales dropped by 8.58%, and Polygon sales this week have slid by 37.29%. Cryptoslam.io’s data tallies up the total sales volume for 12 different blockchain networks that support NFT technology.

In terms of the top NFT collection by weekly sales volume, the Karafuru compilation of NFT collectibles led the pack with $49.7 million in sales. Cryptopunks took second place this past week, with approximately $38.6 million in NFT sales.

The NFT collection Azuki took the third position over the last seven days with $37 million in NFT sales volume. Of course, the top sale in the NFT industry this week was Cryptopunk #5822 for 8,000 ether, but the second most expensive NFT sold during the last seven days was Meebit #16728 for $3.8 million.

Statistics derived from dappradar.com’s NFT marketplace metrics indicate that the NFT market Looksrare has captured the most sales volume this week with $1.02 billion in sales volume. Despite the $1 billion in sales, the volume on Looksrare is down 70% over the last seven days.

Opensea’s NFT marketplace sales are down 65.77% as the NFT market has captured $317.96 million in weekly sales. Solana’s Magic Eden saw $43.5 million in sales last week, down 33.72% from the week prior.

What do you think about this week’s NFT sales action and volume dropping close to 30%? Let us know what you think about this subject in the comments section below.

Filed Under: 12 blockchains, Azuki Collection, Azuki NFTs, blockchains, Cryptopunk #5822, cryptopunks, cryptoslam.io, dappradar.com, English, ETH sales, Ethereum, Ethereum Sales, Flow sales, looksrare, Markets and Prices, Meebit #16728, News Bitcoin, nft, NFT buyers, NFT sales, NFT sales statistics, NFT sales volume, NFT sellers, NFTs, Non-fungible Token, Opensea, Polygon, ronin, Solana, Solana NFT sales, Theta

Weekly NFT Sales Drop 13% While Crypto Prices Rebound From Market Rout

29/01/2022 by Idelto Editor

Weekly NFT Sales Drop 13% While Crypto Prices Rebound From Market Rout

Last week, non-fungible token (NFT) sales remained unscathed while crypto asset spot markets were dismal. However, a week later, NFT sales have dropped 13% to $800 million in sales over the last seven days. During the past week, NFT sales on the Ethereum blockchain have slipped 11.78% but Ronin blockchain-based NFT sales (Axie Infinity) dropped 47.83%.

Weekly NFT Sales Slide Lower, Axie Infinity’s Ronin Sales Shed More Than 47%

Statistics over the last seven days show that NFT sales are down across the 12 blockchains that produce NFTs. Cryptoslam.io shows that weekly NFT sales dipped 13% and the leading blockchain network Ethereum’s NFT sales slipped 11.78%. The second-leading blockchain in terms of NFT sales, Solana, saw its sales decrease by 16.87% during the last seven days. The third-largest blockchain network for NFT sales, Ronin, shed 47.83% this week and Flow blockchain NFT sales increased by 10.18%.

Weekly NFT Sales Drop 13% While Crypto Prices Rebound From Market Rout

24-hour NFT marketplace metrics from dappradar.com indicate that the NFT market Looksrare is dominating with $645.81 million in sales, and Opensea has processed $157.34 million this past week. Solana’s Magic Eden NFT marketplace saw just over $10 million in NFT sales volume. The most expensive NFT sale during the last seven days was Meebit #10067 when it sold for 11,880 ethereum or $29.05 million. While the Meebits collection was the top NFT compilation in terms of sales for the last two weeks, that’s not the case this week.

Azuki NFT Compilation Takes Top Sales This Week, Cryptopunks Sales Spike 197%

Over the last seven days, the Ethereum-based NFT compilation Azuki took the week’s top sales. Azuki captured $76.4 million in the last seven days in terms of NFT sales, and Bored Ape Yacht Club (BAYC) took the second position with $58.6 million in sales. Cryptopunks held the third position this week with $54.6 million. Azuki’s weekly sales jumped 1.23%, BAYC saw a 25.99% increase, and Cryptopunks sales spiked 197.56% over the last seven days.

BAYC’s sister project, Mutant Ape Yacht Club (MAYC), saw $41.9 million up 21.46% this past week and Clonex commanded $39.1 million in NFT sales. Sales stemming from the blockchain network Binance Smart Chain (BSC) jumped 206% over the last seven days. Besides Meebit #10067, the NFT dotdotdot 4646 sold for over 5,000 ether or $13.35 million nine hours ago, and Cryptopunk #3783 sold for $1.12 million or 450 ether.

What do you think about the last seven days of NFT sales? Let us know what you think about this subject in the comments section below.

Filed Under: 12 blockchains, Azuki, Azuki Collection, Azuki NFTs, BAYC, blockchains, Bored Ape Yacht Club, Cryptopunk #3783, cryptoslam.io, dotdotdot 4646, English, ETH sales, Ethereum, Ethereum Sales, Flow sales, looksrare, Market Updates, MAYC, Meebit #10067, Meebits collection, Mutant Ape Yacht Club, News Bitcoin, nft, NFT buyers, NFT sales, NFT sales statistics, NFT sellers, NFTs, Non-fungible Token, Opensea, Polygon, ronin, Ronin Sales Down, Solana, Theta

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