• NFT sales rose 43.97% this week, totaling $397.86 million with 345,716 buyers and 1.62 million transactions.
• Ethereum-based NFTs accounted for 90% of total sales, while Otherdeed was the top-selling collection with $47,043,296 in sales.
• Blur outpaced Opensea as the leading marketplace this week, capturing 66% of the market share.
NFT Sales Surge
Non-fungible token (NFT) assets saw a surge in sales over the last seven days – 43.97% higher than the previous week – reaching $397.86 million with 345,716 buyers and 1.62 million transactions recorded on Feb 18th 2023.
Ethereum Dominates NFT Market
Ethereum-based NFT sales dominated the market with $360.32 million in total sales (90%), followed by Solana ($18,790,359). Other collections such as Azuki, Moonbirds, Mutant Ape Yacht Club (MAYC), and Bored Ape Yacht Club (BAYC) also experienced increases in sales compared to last week’s figures.
Top Selling Collection
The top selling collection of non-fungible tokens (NFTs) this week was Otherdeed with a total sale figure of $47,043,296; up 160.21% from last week’s results.
Blur Outpaces Opensea
According to weekly metrics from both dappradar.com and Dune Analytics; The NFT marketplace Blur has outpaced the leading market Opensea this week by capturing more than 66% of market share compared to 23%. Dappradar’s top five marketplaces across various chains are: Blur (66%), Opensea (23%), X2Y2 Immutable X Marketplace(3%), Lookrare(3%).
Conclusion
Non-fungible token asset sales continue to rise in 2023 and Ethereum dominates the NFT space with its wide range of applications and user base that continues to grow rapidly each day since its launch back in 2015