Immutable Tops Again In 7-Day NFT Trading Sales Volume

The global non-fungible token market has experienced a slight plunge this past week, marked by a slight decrease in trading sales volume. In the past seven days, the global non-fungible token market has amassed a trading sales volume of $109 million, down 16% from the past week. This fall suggests that the hype around “Immutable and Polygon NFTs,’ which have been fueling the recent NFT market rally, might have faded.

Immutable Tops Again in 7-Day Sale Volume

Data compiled by cryptoslam, an on-chain crypto and non-fungible token data aggregator, shows that the non-fungible token market has plunged slightly in trading sales volume this past week. In the past seven days, the NFT market has amassed a trading sales volume of $111 million. During this time, the global NFT trading sales volume has plummeted by 16.77% from the past week.

Nevertheless, the number of buyers has remained relatively stable. In the past seven days, the NFT market has recorded over 1 million buyers. During this period, the number of NFT buyers has increased by 56% from the past week. This suggests that while overall trading sales volume is down, the number of individuals buying the dip remained steady, potentially indicating a shift towards lower-priced NFT collections.

Immutable, the leading Layer 2 for NFTs and blockchain gaming, secured by the Ethereum main net, was the most traded blockchain network in the global NFT market. In the past seven days, the Immutable-based NFT collections have raised a trading sales volume of $23 million. During this time, the Immutable NFT sales volume has plunged by 40%. This is the second time Immutable has surpassed Ethereum in trading sales volume.

Source: CryptoSlam

Ethereum, the blockchain network previously renowned as the dominant chain for non-fungible tokens trading, was the second most traded blockchain network in the NFT market. In the past seven days, the Ethereum-based NFT collection has amassed a trading sales volume of $20 million. During this period, the Ethereum NFT trading sales volume has plunged by 27% from the past week.

Polygon, a Layer-2 scaling solution for the Ethereum blockchain network, designed to enhance its speed and reduce transaction costs, was the third most-traded blockchain network in the NFT market. In the past seven days, the Polygon-based non-fungible token collection has recorded a trading sales volume of $18 million. During this period, the Polygon NFT trading sales volume has plunged by 15% from the past week. Mythos and Bitcoin were the fourth and fifth networks.

Five Top Selling NFTs This Past Week

1. Guilds Of Guardians Heroes NFT Collection

Guild of Guardians Heroes, a non-fungible token collection representing playable and tradable characters in the mobile role-playing game Guild of Guardians, was the past week’s top-traded NFT collection in the NFT market. In the past seven days, the Guild of Guardians Heroes NFT collection has recorded a sales volume of $14 million. During this period, the GoG Heroes NFT sales volume plunged by 36% from the previous week.

2. Courtyard NFT Collection

Courtyard, a non-fungible token collection featuring generative NFTs stored on the Polygon blockchain network, was the second most-traded NFT collection in the NFT market in the past week. In the past seven days, the Courtyard NFT collection has amassed a trading sales volume of $14 million. During this time, the Courtyard NFT trading sales volume plunged by 29% from the previous week.

Source: CryptoSlam

3.DMarket NFT Collection

DMarket, a non-fungible token collection representing in-game virtual items of NFT games like Counter-Strike, Rust, and Dota 2, was the third most-selling NFT collection in the NFT market this past week. In the past seven days, the DMarket NFT collection has recorded a trading sales volume of $8.8 million. During this time, the DMarket NFT trading sales volume plunged by 1% from the past week.

4. XSY Deposit NFT Collection

The XSY Deposit, a non-fungible token collection associated with the Unity (UTY) stablecoin project and hosted on the Avalanche blockchain, was the fourth most-selling NFT collection in the NFT market this past week. In the past seven days, the NFT series recorded a trading sales volume of $6 million. Even though this NFT collection has gained attention due to significant trading sales volume, there are also rising concerns about transparency and potential NFT market manipulation.

5. Guild of Guardians Avatars NFT Collection

Guild of Guardian Avatars, the non-fungible token collection featuring digital characters letting players role-play within the Guild of Guardians mobile game, was the fifth most-selling NFT collection this past week. In the past seven days, the Guild of Guardians Avatars NFT collection has amassed a trading sales volume of $5.8 million. During this period, the Guild of Guardians Avatars NFT sales volume plunged by 38% from the past week.

The NFT Market Prediction

The future of NFTs lies in their broader adoption across various industries beyond just digital art and collectibles. Even though the initial hype around NFTs has subsided, they are evolving to become functional assets that provide verifiable ownership, authenticity, and monetization models across diverse sectors. In the coming months, NFTs are expected to see increased use cases in gaming, real estate, music, intellectual property, and even supply chain management, enhancing ownership, accessibility, and engagement. NFTs are also predicted to retest another market bull run.

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