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<p>The non-fungible token market continues to experience negative week-over-week growth after the recent crypto market hype that fueled its resurgence faded. The NFT market retested a massive market rally earlier this year, following the then highly anticipated Bitcoin halving event.</p><h2 id="nfts-fall-again-in-sales-this-week">NFTs Fall Again In Sales This Week</h2><p>In March 2024, the crypto market underwent a rally, which pushed the flagship crypto, Bitcoin, to new all-time highs. The rally also fueled the resurgence of some NFT collections, including the BRC-20 NFT collections, Bitcoin Ordinals, and ERC-404 NFT collections. Unfortunately, this short crypto and NFT bullish season did not last long.</p><p>Data compiled by <a href="https://www.cryptoslam.io/" rel="noopener noreferrer nofollow">cryptoslam.io</a>, an on-chain crypto market aggregator and a multi-chain non-fungible token explorer, shows that the non-fungible token market has yet suffered another week of market downturn. In the past seven days, the global NFT market has amassed a trading sales volume of $150 million, representing an 8.66% decline from the past week.</p><p><img class="alignnone wp-image-522864" src="https://insidebitcoins.com/wp-content/uploads/2024/05/NFT-sales-2-300x77.png" alt="NFT sales (2)" width="838" height="215"></p><p>Nonetheless, the number of non-fungible token investors purchasing this dip has skyrocketed this week. In the past seven days, the number of investors buying NFTs has risen to 478,480, representing a 213% increase from the previous week. The number of investors who sold their NFTs also increased 172% this week.</p><h2 id="bitcoin-leads-in-nft-sales-this-week">Bitcoin Leads In NFT Sales This Week</h2><p>Bitcoin, the blockchain network powering the flagship crypto Bitcoin and renowned in the non-fungible token market for its Bitcoin ordinals and BRC-20 NFT collections, is the dominant NFT blockchain this week. In the past seven days, Bitcoin-based NFT collections have recorded a trading sales volume of $47 million, down 5.15% from the previous week.</p><p><img class="alignnone wp-image-522861" src="https://insidebitcoins.com/wp-content/uploads/2024/05/blockchain-NFT-sales-1-300x144.png" alt="blockchain NFT sales" width="842" height="404"></p><p>Source: cryptoslam.io, NFT sales by blockchain networks in the past seven days</p><p>Ethereum, the blockchain network powering the second largest crypto asset, Ether, and renowned in the non-fungible token market for its wide range of blue-chip NFT collections, is the second most traded NFT blockchain this week. In the past seven days, Ethereum-based NFT collections have recorded a trading sales volume of $37 million, which has declined by 7.35% from the previous week.</p><p>Solana, an open-source blockchain that supports smart contracts, including non-fungible tokens and a variety of decentralized applications, is the third most-traded blockchain network in the NFT ecosystem this week. In the past seven days, the Solana-based NFT collections have raised a trading sales volume of $18 million, but the Solana NFT trading sales volume has declined by 29% from the past week.</p><p>Blast, an Ethereum layer two blockchain network from the Blur NFT marketplace, and Polygon, an Ethereum scaling solution, are the fourth and fifth most-traded NFT blockchain networks this week. In the past seven days, the Blast-based NFT collections have recorded a sales volume of $14 million, while Polygon-based NFT collections have amassed a sales volume of $20 million.</p><h2 id="top-selling-nfts-in-the-past-7-days">Top Selling NFTs In The Past 7 Days</h2><p><img class="alignnone wp-image-522858" src="https://insidebitcoins.com/wp-content/uploads/2024/05/top-selling-NFTs-1-2-300x117.png" alt="top-selling NFTs " width="841" height="328"></p><p>Source: cryptoslam.io, top-selling NFT collection in the past seven days</p><h3 id="1-bitcoin-uncategorized-nft-collection">1. Bitcoin Uncategorized NFT Collection</h3><p>Bitcoin Uncategorized, a veteran non-fungible token collection created on the Bitcoin blockchain network using the ordinal protocol, is this week’s top-selling NFT collection. In the past seven days, the Bitcoin Uncategorized NFT series has amassed a trading sales volume of $17 million, but sales have plunged by 24% from the previous week.</p><h3 id="2-fantasy-top-nft-collection">2. Fantasy Top NFT Collection</h3><p>Fantasy Top, a non-fungible token from the now popular digital trading card game Fantasy, top crated on the Blast Layer 2 network, is this week’s second most-selling NFT collection. In the past seven days, the Fantasy Top NFT collection has recorded a trading sales volume of $14 million. Fantasy Top NFT sales have declined 24% from the past week.</p><h3 id="3-dmarket-nft-collection">3. DMarket NFT Collection</h3><p>DMarket, a non-fungible token collection from the DMarket, a marketplace to trade virtual items and technology for building metaverses, is this week’s third most-selling NFT collection this week. In the past seven days, the DMarket NFT collection has recorded a trading sales volume of $5.8 million.</p><h3 id="4-nodemonkes-nft-collection">4. NodeMonkes NFT Collection</h3><p>NodeMonkes, another non-fungible token collection created on the Bitcoin network leveraging the unique capabilities of the Ordinals protocol, is this week’s fourth top-selling NFT collection. In the past seven days, the NodeMonkes NFT collection has amassed a trading sales volume of $5.6 million. The NodeMonkes NFT sales have surged 18.15% from the past week.</p><h3 id="5-guild-of-guardians-nft-collection">5. Guild Of Guardians NFT Collection</h3><p>Guild of Guardians, a non-fungible token collection from Guild of Guardians, a mobile RPG where players take teams of heroes through challenging dungeons to collect resources, is this week’s fifth most-selling NFT collection. In the past seven days, the Guild of Guardian NFT collection has amassed a trading sales volume of $4.17 million. The Guild of Guardian NFT sales volume has increased by 56% from the past week.</p><p><img class="alignnone wp-image-522860" src="https://insidebitcoins.com/wp-content/uploads/2024/05/top-selling-NFTs-2-2-300x137.png" alt="top-selling NFTs 2" width="841" height="384"></p><p>Source: cryptoslam.io, top-selling NFT collection in the past seven days</p><h3 id="6-core-brc-20-nft-collection">6. $Core BRC-20 NFT Collection</h3><p>$Core, a new non-fungible token collection created on the Bitcoin blockchain network using the BRC-20 protocol, is this week’s sixth most-selling NFT collection. In the past seven days, the $Core BRC-20 NFT collection has attracted a sales volume of $3.4 million. The $Core BRC-20 NFT trading sales volume has surged 36% from the past week.</p><h3 id="7-cryptopunks-nft-collection">7. CryptoPunks NFT Collection</h3><p>CryptoPunks, a non-fungible token collection previously from the digital asset firm Larva Labs featuring a limited supply of 10,000 pixilated NFTs hosted on the Ethereum blockchain network, is this week’s seventh most-selling NFT collection. In the past seven days, the CryptoPunks NFT collection has attracted a trading sales volume of $3.1 million.</p><h3 id="8-solana-monkey-business-nft-collection">8. Solana Monkey Business NFT Collection</h3><p>Solana Monkey Business, a non-fungible token collection of 5000 unique 24×24 pixels randomly generated Monkeys stored on the Solana blockchain network, is this week’s eighth most-selling NFT collection. In the past seven days, the Solana Monkey Business NFT collection has raised a trading sales volume of $2.2 million.</p><h3 id="9-degods-nft-collection">9. DeGods NFT Collection</h3><p>DeGods, a non-fungible token collection from the digital asset firm DeLabs featuring a fixed supply of 10,000 hosted on the Ethereum blockchain network, is this week’s ninth most-selling NFT collection. In the past seven days, the DeGods NFT collection has recorded a trading sales volume of $2.2 million.</p><h3 id="10-mad-lads-nft-collection">10. Mad Lads NFT Collection</h3><p>Mad Lads, a non-fungible token collection from the Solana infrastructure development project Coral featuring a limited edition of 10,000 NFT collections, is this week’s tenth most-selling NFT collection. The Mad Lads NFT collection has amassed a trading sales volume of $2.1 million in the past seven days, closing our ten top-selling NFT collections this week.</p><h2 id="top-nft-sales-in-the-past-7-days">Top NFT Sales In The Past 7 Days</h2><p>CryptoPunks #741 is the most expensive NFT collection sold this week, selling at $792,046 six days ago. An $ORDI BRC-20 NFT collection is the second most costly NFT collection sold this week, selling for $681,497 three days ago. Mad Lads #3919 is this week’s most expensive NFT collection, selling for $73,368 six days ago.</p><h4>Related NFT News:</h4><ul><li><a href="https://insidebitcoins.com/news/pudgy-penguins-joins-lotte-group-to-expand-its-nft-toys-presence-in-south-korea" rel="noopener noreferrer nofollow">Pudgy Penguins Joins Lotte Group To Expand Its NFT Toys Presence In South Korea</a></li><li><a href="https://insidebitcoins.com/news/multi-chain-nft-explorer-coingecko-and-nyan-heroes-join-to-give-away-7000-nyan" rel="noopener noreferrer nofollow">Multi-chain NFT Explorer CoinGecko And Nyan Heroes Join To Give Away 7,000 $NYAN</a></li><li><a href="https://insidebitcoins.com/news/fantasy-top-keeps-on-receiving-massive-traction-becomes-the-most-traded-nft-series-this-week" rel="noopener noreferrer nofollow">Fantasy Top Keeps On Receiving Massive Traction – Becomes The Most Traded NFT Series This Week</a></li></ul>

NFT Sales Fall 8% Again This Week – How Low Can NFTs Go This Bear Market?

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