• NFT sales over the past seven days surged 43.97%, reaching a total of $397.86 million in this week, with 345,716 buyers and 1.62 million transactions.
• Ethereum-based NFTs dominated with 90% market share and Otherdeed was the top-selling collection of NFTs this week, with $47,043,296 in sales.
• Blur has outpaced Opensea as the leading market for NFTs this week, capturing 66% of the market share according to Dune Analytics and dappradar.com statistics.

Overview of Non-Fungible Token (NFT) Sales

The volume of non-fungible token (NFT) sales over the past seven days rose 43.97%, totaling $397.86 million in this week alone, with 345,716 buyers participating in approximately 1.62 million transactions across various blockchain networks.

Ethereum Dominates Non-Fungible Token (NFT) Market

Sales of non-fungible tokens (NFTs) on the Ethereum blockchain led the way this week, accounting for $360.32 million or 90% of total sales – a 54.77% increase from last week’s figures. Solana followed up with 18,790,359 in sales but saw a 7.47% decrease from last week’s figures while Polygon and Immutable X rounded up third and fourth respectively followed by Binance Smart Chain completing the list at fifth place .

Otherdeed is Top Selling Collection this Week

This week’s top-selling collection of non-fungible tokens (NFTs) was Otherdeed which sold an impressive amount of $47,043,296 – 160.21% more than what it sold last week – followed by Azuki ($14M), Moonbirds ($8M), Mutant Ape Yacht Club (MAYC) ($3M), and Bored Ape Yacht Club(BAYC)($1M).

Blur Surpasses Opensea as Leading Marketplace This Week

Market analytics from both Dune Analytics & dappradar show that Blur has surpassed Opensea as the leading marketplace for NFTs this week capturing 66% of market share compared to Openseas 23%. The top five marketsplaces across various chains were Blur followed by Opensea then X2Y2 , Immutable X Marketplace & Lookrare respectively .

Conclusion

Non Fungible Tokens have been on an upward trend since 2020 and it appears that trend will continue into 2023 as well with ongoing investment from art collectors and digital asset owners alike looking to purchase these unique digital assets . As such we can expect to see further growth in terms of both volume & diversity within the NFT space going forward .