The non-fungible token market has faced a brutal meltdown in recent weeks, with the majority of floor prices dropping below 20 ether, a 90% decline from their all-time high in 2022. The NFT market downtrending despite its fellow crypto market being on the rally, going contrary to its initial bull run. However,  the number of investors buying NFTs has risen 25% this week from the past week.

The State Of NFTs In The Past 7 Days

Data fetched by CryptoSlam.io, an on-chain market data aggregator, indicates that the global non-fungible token trading sales volume has plunged again for the fourth consecutive week. In the past seven days, the NFT market has amassed a sales volume of $231 million, representing a 17% drop from the previous week.

Source: Cryptoslam.io, NFT sales in the past 7 days

During this period, the number of investors buying and selling non-fungible token collections has increased this week. In the past seven days, NFT buyers have increased 25% to 690,198, while NFT sellers have surged 21.78% to 456,023. These trading activities have pushed the number of NFT transactions up 12.65% to 1.8 million.

Bitcoin, the same blockchain network powering the flagship crypto Bitcoin, has been the top-traded blockchain network in the non-fungible token market. In the past seven days, the Bitcoin-based NFT collection has amassed a trading sale volume of $81 million. Bitcoin NFT sales have plunged 7.73% from the past week.

Source: CryptoSlam.io, NFT sales by blockchain networks

Ethereum, the blockchain network hosting most of the blue-chip non-fungible token collections, is this week’s second most-traded blockchain network in the NFT ecosystem. In the past seven days, the Ethereum-based NFT collection has recorded a sales volume of $72 million. The Ethereum NFT sale volume has dropped 28% from the past week.

Solana, a decentralized blockchain network and Polygon, an Ethereum scaling solution, are the third and fourth most-traded blockchain networks in the NFT ecosystem. In the past seven days, Solana-based NFT collections have recorded a trading sales volume of $46 million. The Solana NFT sales have dropped 14%. During this time, Polygon NFTs have amassed a sales volume of $7.4 million.

10 Top Selling NFT Collections This Week

Source: CryptoSlam.io, top selling NFTs in the past 7 days

1. Bitcoin Ordinals Collection

Bitcoin Ordinal, a non-fungible token collection created on the Bitcoin blockchain network using Satoshi Nakamoto’s Ordinal protocol, is this week’s most-selling NFT collection. In the past seven days, the Bitcoin Ordinal collection has amassed a sales volume of $20 million.

2. $?? BRC-20 NFT Collection

The Question??, a non-fungible token collection created on the Bitcoin blockchain network using a BRC-20 token standard protocol, is this week’s second most-selling NFT collection. In the past seven days, the?? BRC-20 NFT collection has recorded a trading sales volume of $12 million. Its trading sale volume has surged 788% from the past week.

3. Mad Lads NFT Collection

Mad Lads, a non-fungible token collection from the Solana development project Coral featuring a limited edition of 10,000 hosted on the Solana blockchain network, is this week’s third most-selling NFT collection. In the past seven days, the Mad Lads NFT collection has recorded a sales volume of $7.7 million. Mad Lads NFT sales volume has declined 22% from the past week.

4. $ JIGO BRC-20 NFT Collection

The $JIGO, a non-fungible token collection created on the Bitcoin blockchain network using a BRC-20 token standard protocol, is this week’s fourth most-selling NFT collection. In the past seven days, the $JIGO BRC-20 NFT collection has recorded a sales volume of $7.5 million. The trading sale volume for $JIGO NFTs has surged 295% from the past week.

5. DMarket NFT Collection

DMarket, a non-fungible token collection from the DMarket, a digital market platform enabling millions of gamers and esports fans to trade virtual in-game items using a comprehensive set of advanced game tech and fintech features, is this week’s fifth most-selling NFT collection. In the past seven days, the NFT collection has recorded a trading sales volume of $6.9 million.

Source: CryptoSlam.io, top selling NFTs in the past 7 days

6. Bored Ape Yacht Club NFT Collection

Bored Ape Yacht Club, an all-time top-selling NFT collection from the digital asset firm Yuga Labs featuring a limited supply of 10,000 apes hosted on the Ethereum blockchain network, is this week’s sixth most-selling NFT collection. In the past seven days, the Bored Ape Yacht Club NFT collection has attracted a trading sales volume of $6.8 million.

7. NodeMonkes NFT Collection

NodeMonkes, an NFT collection featuring a limited supply of 10,000 pixilated NFTs hosted on the Bitcoin blockchain network, is this week’s seventh most-selling NFT collection. In the past seven days, the NodeMonkes NFT collection has raised a trading sales volume of $6.2 million.

8. Froganas NFT Collection

Froganas, a non-fungible token collection featuring a limited set of 5,555 unique, frog-themed digital collectibles built on the Solana blockchain network, is this week’s eighth most-selling NFT collection. In the past seven days, the Froganas NFT collection has amassed a trading sales volume of $4.9 million.

9. Gods Unchained NFT Collection

Gods Unchained, a non-fungible token collection hosted on the Immutable X blockchain network, enabling holders to play in the digital trading card game Gods Unchained, is this week’s ninth most-selling NFT collection. In the past seven days, the Gods Unchained NFT collection has attracted a trading sales volume of $4 million.

10. Pandora NFT Collection

The Pandora, an NFT collection of 10,000 Replicants bound to the first tokens built on ERC404, an experimental token standard enabling persistent liquidity and semi-fungibility for Ethereum NFTs, is this week’s tenth most-selling NFT collection. In the past seven days, the Pandora NFT collection has recorded a trading sales volume of $3.8 million, closing our ten top-selling NFTs.

Top NFT Sales This Week

Source: CryptoSlam.io, top nft sales in the past 7 days

Arcade.xyz is this week’s most expensive non-fungible token sold, selling for $346,089 just four days ago. A Bitcoin Ordinal collection is this week’s second most-costly NFT collection sold, selling for $276,665 seven days ago. The TurboVerse #3174 is this week’s third-most-expensive NFT sold, selling for $245,587.

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• Source: https://insidebitcoins.com/news/investors-buying-nfts-increase-25-this-last-week-of-march-analysis