NFT Trends & Statistics May 7-14 2022 | Metaverse, Games, Collectibles & Art

2 min read

It’s been a rollercoaster week in Cryptoland, and NFT’s are no exception. NFT sales in USD have plunged 59% and a number of sales decreased by 50% week of May 7- 14 following the overall bear market trend and a cataclysmic TerraUST collapse.

To add fuel to the fire, Azuki NFT collection floor price dropped by nearly 45% on May 10th following the blog post, titled “A Builder’s Journey,” by pseudonymous Azuki founder Zagabond who admitted to having previously been involved in a few NFT projects that were labeled as “rugpulls” by some in the crypto community. 

The sudden drop in the floor price has apparently resulted in an increase in demand. Sales of Azuki NFTs surged by more than 1,310% over the 24 hours, reaching USD 27.85m.

At the moment NFT markets are trending up and show modest signs of recovery.

Big Sales of the Week

Top sales in the last 7 days by NonFungible.com

NFT Markets

NFT Markets

OpenSea made $492M in sales with 156k buyers, almost a 103% decrease in sales volume last week.

LooksRare made $282M in sales with 7,500 buyers, almost a 44% decrease in sales volume last week.

Magic Eden made $66M in sales with 16k buyers, almost a 28%decreasein sales volume last week.

Solanart made $121k in sales with 1k buyers, almost a 47% decrease in sales volume last week.

AtomicMarket made $1.6M in sales with 34k buyers, almost a 20% decrease in sales volume last week.

Rarible made $294k in sales with 786 buyers, a 49% decrease in sales volume last week.

Metaverse

Metaverse

Every week we see the interest in metaverse worlds growing; people just throw the word metaverse around without realizing that different “metaverse platforms” are being developed. So here we cover the top ones.

Otherside made $87M in sales with 4746 buyers.

The Sandbox made $1.2M in sales with 394 buyers.

Decentraland made $1.4M in sales with 224 buyers.

CryptoVoxels made $66k in sales with 36 buyers.

Somnium Space made $36k in sales with 8buyers.

What Collectible Market Data is Telling Us

Collectibles

Top 4 collectibles by sales in the NFT space.

Azuki made $103M in sales with a total of 2,209 buyers – a 216% increase in sales volume from last

Otherdeed made $93M in sales with a total of 3,829 buyers – a 88% decrease in sales volume from last

Bored Ape Yacht Club made $51M in sales with a total of 187 buyers – a 65% decrease in sales volume from last week.

Mutant Ape Yacht Club made $41M in sales with a total of 716 buyers – a 66% decrease in sales volume from last week.

Average floor in the last 7 days for top collectibles

This section is brought to you by NFT Price Floor data feeds. They collect NFT floor prices every 5 minutes.

Azuki avg floor of 15.99 ETH

Otherdeed avg floor of 3 ETH

Mutant Ape Yacht Club avg floor of 20 ETH

Bored Ape Yacht Club avg floor of 97 ETH

Crypto Games

Crypto

There are more games that promise great gameplay and a big community every week. Currently, Axie Infinity is number one in the P2E world by daily active users. Below are the top 3 games in volume in the last 7 days.

DeFi Kingdoms made $35M in volume.

Axie Infinity made $80M in volume.

The Sand Box made $28M in volume.

What CryptoArt is Telling Us

Crypto Art

Let’s quickly break it down for perspective:

  • January sold $61M
  • February sold $45M
  • March sold $57M 
  • April sold $58M
  • May sold so far $114M

Summary

Markets are extremely volatile. Make sure to exercise caution  moving forward.

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