NFT sales fall 44.7% to $63.3M as Ethereum leads

NFT sales volume fell 44.70% to $63.33 million over the past seven days, even as the number of buyer and seller addresses increased sharply across the market. Summary NFT sales fell 44.70% to $63.33 million, while transactions declined 14.13% to 802,330. Buyer addresses rose 30.48% to 227,316, while seller addresses climbed 54.64% to 247,373. Ethereum led with $35.56 million in sales despite recording a 49.01% weekly decline. Bitcoin placed second with $8.68 million as sales fell 59.53% and buyers rose 41.11%. Courtyard led collections with $6.09 million, while a Bitcoin NFT sold for $2.14 million. According to data from CryptoSlam, captured on Aug. 29 with the seven-day filter selected, global NFT sales declined to approximately $63.33 million from about $114.5 million during the equivalent prior period. Buyer addresses increased 30.48% to 227,316, while seller addresses jumped 54.64% to 247,373. The figures represent blockchain addresses rather than confirmed individual users. Transactions moved in the opposite direction, falling 14.13% to 802,330. The combination of more participating addresses and fewer transactions indicates that activity was spread across a larger address base, although the data alone cannot establish whether each address represented a separate market participant. You might also like: NFT sales surge 170% to $95.5M on $55M Pandora trade The NFT decline occurred as the wider crypto market pulled back. Bitcoin traded near $77,600, while Ether changed hands around $2,440 on Aug. 29. The global crypto market capitalization stood at approximately $2.71 trillion, down more than 2% over 24 hours. The NFT and cryptocurrency declines occurred during the same period, but the available data does not establish a direct causal relationship between them. Ethereum leads NFT sales with $35.6 million Ethereum remained the largest NFT blockchain with $35.56 million in organic sales, down 49.01% from the prior seven-day period. The network also registered $1.66 million in wash-trading volume, which CryptoSlam reports separately from organic sales. Ethereum leads weekly NFT blockchain sales | Source: CryptoSlamEthereum’s total volume, including wash trading, reached $37.22 million. Its buyer count increased 34.34% to 33,105 despite the drop in sales. Bitcoin ranked second with $8.68 million in sales, a 59.53% decline. Wash volume totaled $85,595, bringing its combined figure to $8.77 million. Bitcoin buyer addresses rose 41.11% to 10,161. Polygon recorded $7.03 million in organic sales, down 34.29%. However, the network also showed $18.19 million in wash volume, more than twice its organic figure. Polygon’s buyer count declined 18.53% to 85,607. Base placed fourth with $3.57 million in sales, down 13.26%, while its buyers increased 41.61% to 3,070. The network recorded $4.80 million in wash trading, lifting combined volume to $8.37 million. BNB Chain followed with $2.81 million, down 20.47%, even as buyer addresses rose 90.16% to 16,915.