NFT sales fell nearly 14% week-on-week, marking the fourth consecutive week of declines

PANews reported on April 7 that CryptoSlam data showed that NFT sales fell by nearly 14% month-on-month on Friday, marking the fourth consecutive week of decline in NFT sales. This trend contrasts with the cryptocurrency industry’s record trading volume in March. In the week ending April 5, sales of the six major NFT blockchains all declined, with Bitcoin NFT sales of approximately $67 million, a decrease of 18%; Ethereum sales of $64 million, a decrease of 18%. 9%. Following Ethereum, Solana fell 12.70%, Mythos fell 4.36%, and Polygon fell 19.7%. By specific items, the sales volume of Uncategorized Ordinals ranked first among the NFT series at US$21.11 million, while the Bored Ape Yacht Club (BAYC) series ranked second highest sales volume this week at US$6.68 million.

Meanwhile, data from Nasdaq.com shows that total trading volume on centralized cryptocurrency exchanges nearly doubled to $9.1 trillion in March, which coincides with Bitcoin’s bullish trend and what is expected to happen later in April. The halving event is consistent.