{"id":444027,"date":"2022-05-09T06:42:43","date_gmt":"2022-05-09T03:42:43","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/nft-markets-slump-as-weekly-sales-volume-dives-30\/"},"modified":"2022-05-09T06:42:43","modified_gmt":"2022-05-09T03:42:43","slug":"nft-markets-slump-as-weekly-sales-volume-dives-30","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/nft-markets-slump-as-weekly-sales-volume-dives-30\/","title":{"rendered":"# NFT markets slump as weekly sales volume dives 30%"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a276a9309cdf\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a276a9309cdf\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/nft-markets-slump-as-weekly-sales-volume-dives-30\/#%E2%80%9D_NFT_markets_slump_as_weekly_sales_volume_dives_30_%E2%80%9C\" >&#8221; NFT markets slump as weekly sales volume dives 30% &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_NFT_markets_slump_as_weekly_sales_volume_dives_30_%E2%80%9C\"><\/span>&#8221; NFT markets slump as weekly sales volume dives 30% &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div class=\"post-content\" data-v-2a0745c6>The nonfungible token (NFT) collections by Yuga Labs have experienced a dramatic downturn in transaction volume over the past 24 hours.\u00a0<\/p>\n<p>Otherdeed is down just over 50%, Mutant Ape Yacht Club (MAYC) is down 46%, and Bored Ape Yacht Club (BAYC) is down 25% according to <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/nftgo.io\/collection\/mutant-ape-yacht-club\/overview\">data<\/a> from NFT market tracker NFTGO. <\/p>\n<p>Over the past 24 hours, <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/general\/\" data-internallinksmanager029f6b8e52c=\"3\" title=\"General\" target=\"_blank\" rel=\"noopener\">general<\/a> NFT market activity has mirrored Yuga\u2019s collections, where volume has dropped 31% to $113 million. However, prices have not yet followed suit as the total NFT market cap has dropped marginally to $19.5 billion in the same period.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-05\/3e3c4b07-3d4d-48b1-a635-54c7bf39ad63.PNG\"><figcaption style=\"text-align: center;\">24hr market analysis by NFTGO<\/figcaption><\/figure>\n<p>Those collections comprise three of the top five traded collections globally. Each collection except Otherdeeds has seen nearly 50% drop-offs in volume over the past seven days as well, possibly indicating the NFT market is cooling off.\u00a0<\/p>\n<p>Among the top ten collections by sales volume, only three are in the green. CyberBrokers is in second place and is up 4,124%, Azuki is in fifth place and is up 7.5%, and ninth place Doodles is up 22.74% according to NFT market <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cryptoslam.io\/\">tracker<\/a> Crypto Slam.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">According to NFTgo, the transaction volume of Yuga Labs <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/watch-movies-tv-seriess\/\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Watch Movies &amp; TV Series\" target=\"_blank\" rel=\"noopener\">series<\/a> NFTs has dropped significantly in the past 24 hours. Otherdeed MAYC BAYC trading volume dropped by 44%, 41% and 30% respectively, BAYC floor price fell below 100ETH. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/DcsF79cepl\">https:\/\/t.co\/DcsF79cepl<\/a><\/p>\n<p>\u2014 Wu Blockchain (@WuBlockchain) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/WuBlockchain\/status\/1523457743872737280?ref_src=twsrc%5Etfw\">May 9, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>In addition to collections from Yuga Labs, which are all traded on Ethereum, sales volume across eight of the ten most active blockchains for NFTs has suffered double-digit losses over the past seven days. <\/p>\n<p>On average, sales volumes are down 22.5% among Ethereum (ETH), Solana (SOL), Flow (FLOW), Avalanche (AVAX), Ronin, BSC (BNB), WAX (WAXP), and Panini. Only Polygon (MATIC) and Tezos (XTZ) sales volumes are up 16.5% and 58.8% respectively according to data from CryptoSlam.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-05\/69f7a9ea-b36f-477b-a970-7c1b50d7d8b2.PNG\"><figcaption style=\"text-align: center;\">NFT sales volumes are down. Cryptoslam<\/figcaption><\/figure>\n<p>Active market wallets that have made an NFT trade over the past seven days have been dropping steadily along with the total number of unique buyers since May 1. Active market wallets have fallen 69% to 16,792 and unique buyers have fallen a shocking 84% to 10,503 according to data from NFT market <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/nonfungible.com\/market-tracker\">analysis<\/a> tool NonFungible.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-05\/415c773c-da74-432a-abc5-4a9f8ef19f2b.PNG\"><figcaption style=\"text-align: center;\">Active wallets and unique NFT buyers are way down in May. NonFungible<\/figcaption><\/figure>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Theta Labs to help Sony launch 3D NFTs compatible with Spatial Reality Display<\/em><\/strong><\/p>\n<p>The sluggish start to NFT trading in 2022 has not deterred researchers from predicting that NFTs are poised to grow by 4.5 times by 2027 to become a $13.6 billion industry. Cointelegraph reported on May 7 that MarketsandMarkets said mainstream influencers, gaming communities, and increased demand for digital art, will push the NFT market to those lofty heights over the next five years.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"nifty_newsletter\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/nft-markets-slump-as-weekly-sales-volume-dives-30\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; NFT markets slump as weekly sales volume dives 30% &#8220; The nonfungible token (NFT) collections by Yuga Labs have experienced a dramatic downturn in transaction volume over the past 24 hours.\u00a0 Otherdeed is down just over 50%, Mutant Ape Yacht Club (MAYC) is down 46%, and Bored Ape Yacht Club (BAYC) is down 25%&#8230;<\/p>\n","protected":false},"author":1,"featured_media":444028,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDUvZWNhMDE0ZWUtNTk0YS00ZDg1LWEyNzEtYmI1M2RiMDI2ZDFjLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[110404,95118,74880],"class_list":["post-444027","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-cointelegraph-nft","tag-nft","tag-transactions"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/444027","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=444027"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/444027\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/444028"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=444027"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=444027"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=444027"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}