April NFT sales drop below $100M despite more buyers
Top collections this week
The NFT market is sending mixed signals: the number of buyers is growing, but their overall spending is declining.
According to CryptoSlam data, NFT sales volume fell by 8% over the past seven days to approximately $99.9 million. Meanwhile, the number of sellers increased by nearly 16%, and the number of buyers grew by almost 25%.
The total number of transactions dropped by 9%, down to around 1.44 million.
Buyers are spending less
The week saw a sharp 21% decline in Ethereum-based sales, although Ethereum still holds the top position with $25 million in volume.
Polygon (POL) ranked second with $16.9 million in sales, down 6% from the previous week.
Bitcoin (BTC) came in third with $16 million, down 12%.
In contrast, Mythos Chain and Solana showed positive growth, rising 1% and 16% to $13.8 million and $9.9 million, respectively.
NFT sales for the last 7 days by blockchain. Source: CryptoSlam.
Top collections this week
- Courtyard on Polygon led with $15 million in sales.
- DMarket remained second with $8.6 million.
- Taproot Wizards came in third with $3.9 million.
Meanwhile, some major collections saw steep declines:
- Guild of Guardians Heroes dropped over 48% to $2.8 million,
- CryptoPunks fell 44% to $3.6 million.
As we wrote, the steep decline in NFT sales in March has reignited expert discussions about the downfall of this form of digital art. Only a few collections seem capable of defying the broader negative trend.
