The market just plummeted and so did NFT prices. Even LooksRare has been taking a big hit in the last couple of weeks with a reduction of 50-60% of the trading volume and a big reduction in the token value.
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
NFT market sales are having a slowdown compared to the last 7 days and a 35% on average decrease in volume for LooksRare and OpenSea.
LooksRare made $864M in sales with 6k buyers, a 70% decrease in sales volume last week.
OpenSea made $936M in sales with 228k buyers, almost a 6%increase in sales volume last week.
Magic Eden made $30.8M in sales with 72k buyers, almost a 52% decrease in sales volume last week.
Solanart made $1.5M in sales with 9k buyers, almost an 43% decrease in sales volume last week.
AtomicMarket made $6.2M in sales with 48k buyers, almost a 4%decreasein sales volume last week.
Rarible made $331k in sales with 776 buyers, a 47% decrease in sales volume last week.
Every week we see the interest in metaverse worlds; people just throw the word metaverse around without realizing that different “metaverse platforms” are being developed. Here we cover the top ones.
The Sandbox made $13.1M in sales with 1,182 buyers.
Decentraland made $4.3M in sales with 284 buyers.
CryptoVoxels made $440k in sales with 76 buyers.
Somnium Space made $186k in sales with 13 buyers.
What Collectible Market Data is Telling Us
Top 4 collectibles by sales in the NFT space.
CryptoPunks made $38M in sales with a total of 45 buyers who transacted 58 times- a 62% increase in sales volume from last week.
Azuki made $37.9M in sales with a total of 561 buyers who transacted 794 times- a 17% increase in sales volume from last week.
Karafuru made $24M in sales with a total of 1,276 buyers who transacted 1,678 times – a 67% decrease in sales volume from last week.
Axie Infinity made $23.6M in sales with a total of 101k buyers who transacted 295k times – a 20% decrease 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. We will feature the top 3 games in volume in the last 7 days.
Axie Infinity made $131M in volume.
DeFi Kingdoms made $109M in volume.
Pegaxy made $61.8M in volume.
What CryptoArt is Telling Us
We are a little bit over February half of the month and in sales, we are 50% away to get the sales volume of last month.
Let’s quickly break it down for perspective:
- January sold $61M
- February has sold so far $32M
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 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.