NFTs are a type of digital asset that represent ownership of unique digital items such as art, music, videos, and other creative works. NFTs differ from ERC-20 tokens such as WETH or USDC in that each individual token is completely unique and is not divisible. Ethereum makes it possible for NFTs to work for a number of reasons: transaction history and token metadata is publicly verifiable – it’s simple to prove ownership history.

The aim of this analysis is to provide insights into recent NFT sales trends on the Ethereum network. We will be answering questions such as

• how many NFTs were sold in the past 30 days?
• what was the total USD volume of these sales?
• what are the top 5 NFT collections sold in the past 30 days?

• Number of NFT sales daily have been in a downtrend, from a peak of almost 40k sales per day, sales have dipped lower than 10k over the last few days.

• As sales dipped, it wasn't surprising that USD sales volume also dipped from around $60M daily to between $30M to $40M daily. In total, NFT sales on Ethereum have done a volume of $1.3B in the last 30 days.

• The dip in sales over the last few days may be attributed to the recent resurgence of meme tokens like $PEPE. As we all know crypto moves fast and every one is trying to jump on the next big thing, it can be assumed that some NFT connoisseurs are moving their funds to the new slew of meme tokens. The fact that the daily number of NFT buyers and sellers on Ethereum has also been in a decline from over 25k to around 5k over the last few days gives credence to this.

• Wrapped crypto punks is the number one collection by sales volume on Ethereum over the last 30 days with $131M in volume. But by number of sales, it's Outlaws that takes the cake with 14k sales.

• By marketplace, Blur seems to have dethroned Opensea as the number 1 destination for NFTs with over $600M in sale volume in the last 30 days, which is about 3 times more than Opensea's.

We selected our data from Flipside's ethereum.core.ez_nft_sales table. Then used the filter: where block_timestamp::date >= current_date - 30 and block_timestamp::date < current_date