Non-fungible token (NFT) analytics reveal that NFT gross sales faltered in early February, with $119.49 million recorded through the first week of the month—a 33.73% contraction in comparison with the previous seven-day stretch.
Digital Collectible Consumers and Sellers Slide Considerably
Knowledge sourced from cryptoslam.io illustrates a pronounced cooling within the digital collectibles enviornment. Weekly figures slumped to $119.49 million, accompanied by a 95.33% discount in patrons and a 94.06% decline in sellers. NFT transaction quantity remained comparatively steady, nevertheless, with 1.44 million NFT transfers logged—a slight 1.35% dip from January’s last week.
Ethereum-based NFTs weathered the sharpest downturn, sliding 38.41% to $62.71 million. The priciest Ethereum asset traded was f(x) wstETH place #373, commanding $803,297 on Feb. 7. Polkadot’s Mythos defied the pattern, securing the week’s second-highest blockchain gross sales at $13.97 million. Solana, in the meantime, descended to 3rd place with $11.09 million in finalized gross sales—a 32.56% slide from its prior weekly tally.
5 days prior, a Solana-minted Portals #14 commanded $172,956 in a notable transaction. Polygon secured fourth place with $8.13 million in digital collectible gross sales, marking a ten.98% enlargement. Bitcoin captured the fifth place at $6.78 million—a pointy 71.31% contraction from January’s closing week. Ethereum’s Pudgy Penguins was topped the week’s main assortment.
Pudgy Penguins cooled by 37.55% regardless of producing $9.20 million over the previous seven days. Mythos’ Dmarket garnered $8.80 million, reflecting a modest 7.98% uptick. Mythos’ complete weekly gross sales of $13.97 million represented a 4.66% rise.
Polygon’s Courtyard assortment climbed 25.78% to $7.35 million, whereas Ethereum’s Cryptopunks slipped 30.01% to $5.26 million. Azuki, one other Ethereum NFT providing, rounded out the highest 5 with $5.08 million—a stratospheric 79.17% plunge from its prior weekly efficiency.
