Non-fungible token (NFT) sales have dropped significantly in contrast to the seven days prior, as NFT sales are down 59.35% this week. During the past seven days, $208.68 million in NFT sales were recorded, with $157.20 stemming from the Ethereum blockchain. The top-selling NFT collection this past week was the Bored Ape Yacht Club (BAYC), with $16.69 million in sales, equating to 7.998% of the $208 million in sales this week.

Ethereum and Solana Lead NFT Sales Among Top 20 Blockchains Amid Lower Digital Collectible Sales This Week

During the first week of 2023, NFT sales were up 26% compared to the final week of 2022. However, on Sunday, Jan. 15, 2023, sales were down 59.35% from the previous week. Of the top 20 blockchains that issue NFTs, Ethereum accounted for 75.33% of the sales recorded between Jan. 8 and Jan. 15, 2023.

Solana held the second-largest position in terms of NFT sales, with 18.04% of the week’s total sales, or $37.66 million. Ethereum and Solana were followed by Immutable X, Binance Coin (BNB), and Cardano as the top five chains in terms of this week’s NFT sales data.

The top five NFT collections this week in terms of total sales include the Bored Ape Yacht Club (BAYC), Mutant Ape Yacht Club (MAYC), Azuki, Art Blocks, and Bored Ape Kennel Club. These are followed by Otherdeed, Sorare, The Captainz, Beanz, and Mutant Hound Collars.

According to data from nftpricefloor.com, the…