As April came to a close, the NFT market witnessed a notable decline in sales, with revenues plummeting by 31.26% compared to March figures. Last month’s transactions across various NFT markets amounted to approximately $1.15 billion. However, amidst this downturn, some Bitcoin collections managed to defy the trend.

Bitcoin Leads Amidst Decline

Bitcoin emerged as the top-performing blockchain for NFT sales in April, raking in $597.62 million. Despite this, BTC-based NFT sales experienced a slight dip of 4.3% compared to March.

Ethereum and Solana, two prominent blockchain platforms for NFTs, faced significant declines in April. Ethereum NFT sales plummeted by 56.8% to $247.32 million, while Solana-based NFT sales dropped by 39.4% to just over $159 million.

Mixed Performance Across Blockchains

Polygon and Mythos Chain also reported declines in NFT sales, ranging from 4.19% to 7.46%. However, Immutable X and Avalanche bucked the trend, recording increases in NFT sales for April.

Top Collections and Expensive Sales

According to data from cryptoslam.io, Bitcoin’s Uncategorized Ordinals emerged as April’s most lucrative collection, generating $314.82 million in total sales, marking a significant increase from the previous month. Ethereum claimed the most expensive NFT sale with Cryptopunk #635 fetching $12.4 million. Other notable sales included BNB Chain’s Lock Deal NFT, Bitcoin Ape #2,301, Solana’s Boogle #037, and Flow’s Flovatar.

Overall, April witnessed a considerable dip in NFT sales, particularly on Ethereum and Solana blockchains. However, certain Bitcoin collections showcased resilience amidst the downturn, indicating a nuanced performance across different blockchain platforms and NFT categories.