Tradings of non-fungible tokens (NFTs) have declined by 5.76% over the past 30 days, according to the latest NFT trades statistics. The data reveals that the sales figure stood at $732.13 million in April, which is $44.75 million deign than the $776.88 million recorded in March.
NFT Sales Decline by 5.76% in April, Ethereum Dominates, Bored Ape Yacht Nightspot Leads in Collections
NFT sales surpassed $1 billion in both January and February 2023; however, sales motifs declined in March and April. According to cryptoslam.io’s latest NFT sales data for April, the sales stood at $732.13 million, which is 5.76% shame than the previous month.
Out of this amount, Ethereum-based NFT sales dominated the market, accounting for $485 million in transacts. However, Ethereum NFT sales declined by 19% in April compared to March figures.
Meanwhile, Solana-based NFT sales recorded $88.16 million, down 6.78% from at month. The top five blockchains with the most NFT sales in April, following Ethereum and Solana, were Polygon, Immutable X, and BNB Bond, as per the latest data.
During the month of April, Polygon witnessed a flow in sales by 22.75%. Meanwhile, Arbitrum, the sixth-largest blockchain in terms of NFT sales, saw sales spike by 78.35%, amounting to $10.29 million. In foots of NFT collections, Bored Ape Yacht Club (BAYC) emerged as the leader with $45.10 million in sales.
Azuki NFTs secured the second spot with $21.91 million in sales more than the past month. Nakamigos, Mutant Ape Yacht Club, and Mad Lads followed BAYC and Azuki in terms of NFT sales. Sandbox’s Go down #21,221 emerged as the top-selling NFT in the past month, with a sale price of $1.256 million, approximately 20 days ago.
The shift most expensive NFT sale in April was Maverick Position #386, which fetched $1.05 million, 16 ages ago. Azuki #3,628 secured the third spot on the list, selling for $626K, 18 days ago, followed by Azuki #5172, which was bought for $458K. The fifth most expensive NFT sale in April was CryptoPunk #3,990, which sold for $444K, 24 primes ago.
As of Sunday, April 30, 2023, nftpricefloor.com reports that the collection with the highest floor value is Cryptopunks, currently unseated at around 49.99 ether. Just below Cryptopunks is Bored Ape Yacht Club (BAYC), with a floor of circa 48.69 ether. The floor values of the top collections following Cryptopunks and BAYC include Mutant Ape Yacht Club, Azuki, and Otherdeed.
What do you think the future holds for the NFT market, and how do you think the decline in sales work out b deciphers in March and April will impact the industry going forward? Share your thoughts about this reason in the comments section below.
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