Cumulative NFT Sales of 18 Blockchain Networks Exceed $36 Billion

Statistics recorded this week show that the total amount of non-fungible token (NFT) sales settled through a dozen different blockchains has officially surpassed $36 billion. While there are 18 competing blockchains offering NFTs, Ethereum-based NFT sales dominate over 75%. While Ronin has the second-highest NFT sales, NFTs from the game Axie Infinity have been the best-selling series for quite some time, with over $4 billion in global sales to date.

$36 billion in historic NFT sales, Ethereum dominates with over 75% of sales

As the NFT ecosystem has become a multi-billion dollar industry, the world of blockchain-based digital collectibles has become a force to be reckoned with. Metrics this week suggest that historical NFT sales have surpassed $36 billion to date.

Cumulative NFT sales across 18 blockchain networks exceed $36 billion

$36 billion in sales recorded in cryptoslam.ioThe NFT dashboards are derived from 18 different blockchains such as Ethereum, Ronin, Solana, Avalanche, Wax, Polygon and Flow, to name a few. However, Ethereum’s $27 billion in NFT sales accounted for 75.02% of all chains’ total sales.

Cumulative NFT sales across 18 blockchain networks exceed $36 billion

Outside of Ethereum, the top blockchains for NFT sales include Ronin ($4B), Solana ($2.2B), Flow ($1B), Polygon ($591M), Wax ($430M), Avalanche ($277M), Immutablex ($98.7 million), Palm ($50.5 million) and Tezos ($40.4 million). The combined historical NFT sales of the top nine blockchains accounted for approximately 24.61% of non-Ethereum-based NFT sales.

The remaining 9 blockchains below Tezo accounted for only 0.37% of the $36 billion in historical NFT sales. Ethereum’s 1,300,118 NFT buyers and Ronin’s 1,742,207 NFT buyers are the only two chains with over a million unique NFT buyers.

Cumulative NFT sales across 18 blockchain networks exceed $36 billion

Of the $36 billion in NFT sales, the highest-selling NFT collection in history is Axie Infinity, which has surpassed $4 billion in sales. The second-largest collection by sales was Cryptopunks, with sales of $2.24 billion.

The Cryptopunks are followed by the Bored Ape Yacht Club (BAYC), which has $2.12 billion in all-time sales. It was followed by Mutant Ape Yacht Club ($1.52 million), Artblocks ($1.25 million), NBA Top Shot ($1 million), Otherdeeds ($906,000), Azuki ($756,000), Clonex ($671,000) $) and Veefriends ($538,000).

The most expensive NFTs are from Veefriends, BAYC, Cryptopunks, Cyber​​​kong — Opensea still controls the largest sales in the NFT market

Historical sales metrics from the dashboard indicate that the most expensive NFT sold was Veefriends’ “Thoughtful Three Horned Harpik” at 100,000 ETH or $316 million. The Veefriends NFT was followed by Cryptopunk 5822, which sold for 8,000 ETH or $23.7 million.

Five of the most expensive NFTs sold in the top ten were BAYC NFTs and two were Cryptopunks. Other collections in the top 10 most expensive NFTs include Meebits 10,761 and Cyber​​​​kong VX 8252.

Of all NFTs sold, the majority were purchased on NFT marketplace Opensea, with marketplace Looksrare following the platform’s lead. Other notable NFT marketplaces include Magic Eden, Flow’s NBA Top Shot marketplace, Mobox, Solanart, Wax’s Atomicmarket, Bloctobay, and Rarible.

Although billions of dollars worth of NFTs have been sold over the past few weeks, NFT sales have dropped significantly. Weekly NFT Trading Volume Weekly NFT sales have also declined over the past few weeks. If the crypto economy is truly in a bear market cycle, it will be interesting to see how the NFT industry responds to the downturn.

tags in this story

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What do you think of the 18 blockchains that recorded $36 billion in historical NFT sales? Let us know what you think about this topic in the comments section below.

Jamie Redman

Jamie Redman is Head of News at News and a fintech reporter based in Florida. Redman has been an active member of the cryptocurrency community since 2011. He is passionate about Bitcoin, open source code and decentralized applications. Since September 2015, Redman has written over 5,000 articles for News on the disruptive protocols emerging today.

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