Following a lackluster week that saw non-fungible token (NFT) sales slip by 29. 35% last week, the last seven days of NFT sales have dropped further losing more than 7%. Out of 12 different NFT-supporting blockchains, Solana was the only gainer, in terms of NFT sales during the past week.

NFT Sales Drop Following Last Week’s Lackluster Marketplace Action

While cryptocurrency markets have been experiencing extreme volatility over the past two weeks, NFT sales have generally felt the wrathful storm. On February 16, Bitcoin.com News reported on sales sliding by 29. 35% and nine days later, NFT sales are more than 7% lower than the week prior.

This report contains seven-day NFT statistics based on cryptoslam.io and dappradar.com recorded metrics. Over the last week, there’s been $546 million in NFT sales volume, which is down 7. 71% from last week’s NFT sales. Metrics indicate that 307,508 NFT buyers transacted across 1,540,140 transactions.

Ethereum captured a great majority of last week’s NFT sales with $474.8 million, but that’s roughly 3. 51% less than the week before. Out of the top 12 NFT blockchain platforms, Solana saw the only NFT sales increase out of the bunch, jumping 3. 03% higher over the past week.

The biggest losers this past week include Binance Smart Chain down 76. 68%, and Avalanche down 54. 56% in terms of weekly NFT sales. The collection with the most sales this week according to cryptoslam.io, is 3landers with $40,828,994 in sales. 3landers’ NFT sales were followed by Tubby Cats ($35.9M), Invisible Friends ($32M), Mfer ($23.7M), and Bored Ape Yacht Club (BAYC) with $23,688,179 in weekly sales.

Bored Ape #4580 Sells for $1. 74 million, Google Search Queries for NFTs Fall After January’s High-Interest

The biggest sale during the last seven days ago was Bored Ape #4580 for 666 ether or $1. 74 million at the time of settlement. Bored Ape #4580 sold on Opensea five hours ago and below that expensive sale was another BAYC NFT. Bored Ape #1837 was sold 13 hours ago for $1.5 million or approximately 569 ether.

Dappradar.com’s statistics indicate that Opensea was the top NFT marketplace, in terms of sales last week. The markets Bloctobay and Ronin’s Axie Infinity followed Opensea in terms of sales.

The top five blockchains in terms of NFT volume were Ethereum, Solana and Ronin over the past seven days. Flow’s Bloctobay seven-day stats indicate NFT sales are up 215. 66% with $73. 78 million in weekly sales.

However, global Google Trends (GT), data shows that people are less interested in NFTs than they were a year ago. During the second week of January, the search query NFT tapped a 100, which is the highest trend score a query can get on GT. This week, worldwide GT data shows that the search query NFT has an overall score of 55.

What do you think about weekly NFT sales slipping by more than 7% since last week? What are your thoughts on the decline in interest in NFTs since mid-January Comment below to let us know your thoughts on this topic.

Image Credits: Shutterstock, Pixabay, Wiki Commons, Bored Ape #4580, Bored Ape #1837

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