Over the past week, NFT sales volume increased by 23.56% with $945.2 million in sales across 15 different blockchains. A particular NFT collection called Moonbirds has been a major contributor to the increase in NFT sales over the past seven days.
Moonbirds’ NFT collection fueled higher NFT sales volume last week
NFT sales volume has fallen over the past month and many have suffered, including the Flow blockchain, which is down $165 million year-on-year. The situation left many wondering if the decline in overall NFT sales could hurt the industry and drive investors away. Thankfully, that doesn’t seem to be the case.
The past week has seen a significant increase in NFT sales volume. For example, NFT sales on the Ethereum blockchain increased by 29.16% over the past week. Additionally, Binance Smart Chain (BSC) NFT sales are also up 39.95% over the past seven days. Also, Fantom’s sales volumes increased by 31.05%.
According to Cryptoslam.io’s seven-day metrics today, $982.2 million in sales were recorded. Moonbirds, a collection that surprised the NFT space when its minimum price hit 35 ETH in less than 10 days, played a big role in the NFT sell-off.
Last week, Moonbirds sales totaled approximately $162,329,749 with 1,252 buyers and 1,744 transactions. A particular Moonbirds sale, Moonbirds #2642, was selling for 350 ETH or more than $1 million on Opensea at the time of the transaction.
In addition, two other Moonbirds sold in the past almost reached the $1 million mark. Moonbirds #3904 sold for 305 ETH or $902,000, and Moonbirds #5602 sold for 299 Ether or $885,000. In fact, 11 of the top 25 most expensive NFTs sold this week were moonbirds.