In the time frame spanning April 27 to May 4, 2024, the realm of non-fungible tokens (NFTs) bore witness to transactions amounting to $164.4 million, reflecting a decline of 30.16% in comparison to the prior week. Within the domain of blockchain sales, Bitcoin-based NFT exchanges took the lead, accumulating a sum of $56.81 million, experiencing a noteworthy 41.57% drop from the previous week's figures.
Cryptoslam.io Data Unveils Volatile NFT Market; Weekly Sales Plummet by 30%

Recent data from cryptoslam.io indicates a substantial dip of over 30% in NFT sales, with a total worth of approximately $164.4 million. Interestingly, amidst these declining sales figures, there was a notable rise seen in the number of NFT buyers, marking an increase of 37.17%, along with a 31.1% surge in the number of sellers involved. Among the 22 different blockchain networks observed, NFT transactions revolving around Bitcoin marked the highest earnings at $56.81 million, illustrating the current market dynamics. Concurrently, Ethereum-based NFT sales generated $49 million in revenue, witnessing a decline of 27.14% from previous levels.
Non-fungible Token (NFT) Deals Amidst April 27 to May 4, 2024

Solana exhibited significant activity in the NFT landscape during the specified period, reflecting transactions worth $25.61 million, signaling a decrease of 23.85% from the previous week. Polygon, another prominent network, reported NFT earnings amounting to $11.34 million, showcasing a decline of 27.38%. Mythos Chain, securing the fifth spot in NFT sales, saw a noteworthy growth with earnings totaling $7.10 million, registering an increase of 15.39%. Augmented activity was also observed in other chains, with Immutable X and BNB Chain seing their sales figures rise by 3.53% and 13.08%, respectively.
An Overview of the Prominent NFT Collections and Recent Earnings

The most notable NFT collection in terms of sales volume encompassed the Uncategorized Ordinals from the Bitcoin blockchain, accumulating a substantial sum of $32.63 million, despite experiencing a notable sales drop of 51.18%. The Dmarket collection curated by Mythos emerged as the second-highest earner, amassing $6.94 million which represented a considerable increase of 15.34% from the prior week. Following closely behind, the Bored Ape Yacht Club (BAYC) brought in revenues totaling $4.33 million, showcasing a marked decrease of 41.36% since April 27.
Exploring Recent High-Value NFT Transactions and Speculations for the Future

Occurring just two days ago, the highest-priced NFT transaction involved the sale of Cryptopunk #7,846, fetching a sum of $557,803. Following this remarkable sale, an NFT from the Uncategorized Ordinals collection was sold for $256,550, with a Solana Boogle NFT claiming the third spot at $161,066. As the NFT market witnesses these fluctuations, stakeholders are careful observers, anticipating and speculating on new trends that may shape the trajectory of the NFT ecosystem in the coming times.