The market just retraced a bit and so did NFT prices. Even LooksRare and OpenSea have been taking a big hit in the last couple of weeks with a reduction of 30-50% of the trading volume.
There is still money being traded in the top collections, and capital is leaving from the smaller collections and moving to the bigger collection.
Let’s quickly look at the data.
Big Sales of the Week
Top sales in the last 7 days by NonFungible.com
OpenSea made $498M in sales with 202k buyers, almost a 56%decrease in sales volume last week.
LooksRare made $495M in sales with 4k buyers, almost a 28% decrease in sales volume last week.
Magic Eden made $5.35M in sales with 16k buyers, almost a 12% decrease in sales volume last week.
Solanart made $1.2M in sales with 3,600 buyers, almost a 52%decrease in sales volume last week.
AtomicMarket made $3M in sales with 36k buyers, almost a 48%decrease in sales volume last week.
Rarible made $724k in sales with 1,004 buyers, a 44% increase in sales volume last week.
Every week we see the interest in metaverse worlds growing; people just throw the word metaverse around without realizing that different “metaverse platforms” are being developed. So here we cover the top ones.
The Sandbox made $6.7M in sales with 1081 buyers.
Decentraland made $1.3M in sales with 161 buyers.
Somnium Space made $124k in sales with 18 buyers.
CryptoVoxels made $108k in sales with 25 buyers.
What Collectible Market Data is Telling Us
Top 4 collectibles by sales in the NFT space.
Bored Ape Yacht Club made $25.4M in sales with a total of 75 buyers who transacted 98 times- a 25% decrease in sales volume from last week.
Mutant Ape Yacht Club made $25.2M in sales with a total of 258 buyers who transacted 337 times- a 2.74% increase in sales volume from last week.
Impostors Genesis made $23M in sales with a total of 1,450 buyers who transacted 2,390 times – a 200% increase in sales volume from last week.
MOAR made $21M in sales with a total of 2490 buyers who transacted 4077 times- a 71% increase in sales volume from last week.
There are more games that promise great gameplay and a big community every week. Currently, Axie Infinity is number one in the P2E world by daily active users. Below are the top 3 games in volume in the last 7 days.
Axie Infinity made $199M in volume.
DeFi Kingdoms made $70M in volume.
Tiny World Farmer made $6M in volume.
What CryptoArt is Telling Us
Let’s quickly break it down for perspective:
- January sold $61M
- February sold $45M
- March sold $57M
- April has sold so far $38M
NFT and crypto markets have been trending lately, but if the crypto bull market is still intact we will see a lot of upside in the upcoming months. Sometimes it is better to take a break from the market doing your hobby or a side project, to be able to control your emotions better.
*All investment/financial opinions expressed by NFT Plazas are from our site moderators’ research and experience and are intended as educational material only. Individuals are required to research any product before making any investment thoroughly.