# NFT Round-up Sep, 2022 By [BlockchainBanerjee](https://paragraph.com/@blockchainbanerjee) · 2022-09-11 --- _Sep 12, 2022_ Summary ------- After a brutal cryptocurrency summer, let us take a look at where NFTs stand now. [CryptoSlam](https://cryptoslam.io/) shows **188,300** buyers spent **$110 M** on NFTs over the past 7 days. This meant, [NFT](https://boardroom.tv/category/nft/) sales down a bit (**\- 1.8%)** compared to last week. Two of the most noticeable trends were the emergence of Ethereum Naming Service (ENS) as the leader based on **highest 7-Day Trading volume on OpenSea** and the emergence of **Solana based NFTs** and Marketplaces like **MagicEden.** Leaders ------- * Solana NFT marketplace doubled (+116%) * Otherdeeds rocketed (+81%) * NBA TopShot made it to the Top-10 with +40% * Flow sales up by +25% * Crypto fan token sales up 0.5%, with $2B in sales * _ENS made it to the TOP of the OpenSea on a 7-Day Trading Volume ($3.6M +113%)_ Laggards -------- * BAYC sales tanked (-42%) * CryptoPunks was down by -26% * Moonbirds was down by -66% and dropped out of TOP-10 * Ethereum and Polygon sales are down -22% and -19%, respectively Highest-selling NFT projects: ----------------------------- * [y00ts](https://www.y00ts.com/) mint t00b: $7.5M (new drop) * Otherdeed: $6.4M (+81%) * Sorare: $6.1M (+9%) * Bored Ape Yacht Club: $6M (- 42%) * Ethereum Name Service: $3.6M (+113%) Key Trends: and rise of Solana ------------------------------ * **Crypto Domain Names** ENS is top on OpenSea, in terms of 7-day trading vol, beating BAYC, CloneX, and Moonbirds. * To date, over 2.2 M ENS names have been created amongst 546K unique users. * Last 7 days, **ENS had 2,565 ETH ($4 M)** trading volume on OpenSea. ENS was followed by: * BAYC’s 1,934 ETH ($3 M) * Otherdeed 1,767 ETH ($2.8 M) * CLONE X’s 1,353 ETH ($2.1 M) > Rather than use long hex strings (i.e. “0x0CCfA1c…”)  for addresses Web3 DNS providers enable users with human-readable names e.g. “abc.eth” or “xyz.crypto” > > DNS providers have integrated with leading wallets, exchanges and dApps including Metamask, Rainbow, Brave, Opera, Trust, 1inch, Moonpay etc. * **Rise of Solana** Solana-based NFT marketplaces e.g. [Magic Eden](https://magiceden.io/) and Metaplex reached $115 M on Sept. 6. Magic Eden, a Solana-based NFT marketplace has increased its market share of the overall NFT market to 36.6% as of Sept. 7 within a week. Lower costs to mint and trade has been the biggest drivers. Note: Magic Eden charges no fee to mint but only 2% in trading fees.  **“y00ts mint t00b**” collection [had $9.6 million in secondary sales](https://cryptoslam.io/y00ts-mint-t00b/sales/summary) in September. Source: [Block Research](https://www.theblock.co/post/169050/nft-mints-on-solana-have-surged-to-an-all-time-high?utm_medium=rss&utm_source=rss) Weekly Trading Volume by Chain for last 3 Months from CryptoSlam. ![Weekly Trading Volume by Chain for last 3 Months from CryptoSlam.](https://storage.googleapis.com/papyrus_images/70574d5af316e44c40077b7d4e0da53966bf9e26128a970d3193c2a19d9127e1.png) Weekly Trading Volume by Chain for last 3 Months from CryptoSlam. Detailed Analytics ------------------ * According to [DappRadar](https://dappradar.com/nft), here are the Top-10 NFT Collections for the last 30 days (Aug 11 - Sep 10, 2022) by Trading Volume. This provides overall standing. ![DappRadar - Top-10 NFT Collections](https://storage.googleapis.com/papyrus_images/7b494c0894893fc3e2cc6cf675b0cd7c9f3a3cac310745d6ac131216dc4f9b9e.png) DappRadar - Top-10 NFT Collections * According to analytics site [Lunar Crash](https://lunarcrush.com/nfts?cols=nft_rank%2Cnft_score%2Csocial_volume%2Csocial_score%2Cfloor_price%2Cmarket_cap%2Csocial_dominance%2Csocial_contributors&metric=market_cap), ENS is 3rd in Market Cap and fourth in Social Dominance and mentions. This adds Social engagement of the NFTs. ![Lunar Crush - Social Engagement](https://storage.googleapis.com/papyrus_images/51f87ddf23458b80052a39a4891a77ff34f3481f60829f51504e479657343e0f.png) Lunar Crush - Social Engagement * ENS Dashboard is a tracker by developer Nick Johnson, [shows](https://datastudio.google.com/u/0/reporting/8785928a-71d5-4b17-9fea-fe1c937b064f/page/RoKgC) that over last days (Aug 10- Sep 10, 2022) there were **392K registrations** and **38K Renewals**. ![ENS Dashboard by Nick Johnson](https://storage.googleapis.com/papyrus_images/fc7973605f15c1adb0999fce3994e2d9c05e741b03351e891ee6a4d643c2cc5f.png) ENS Dashboard by Nick Johnson Some hot purchases: ------------------- * July 2022, “**000.eth**” was bought at 300 Ether ([ETH](https://cointelegraph.com/ethereum-price)), which was worth around $320,000 at the time of sale * “Samsung.eth” and “Starbucks.eth” were sold for 60 ETH (~$90K) * Some anonymous buyer placed a bid of **$1 M for the ENS Domain “Amazon.eth”** Price Action ------------ ENS has outperformed ETH over the past 3 months by more than 40%. ENS - Price Action available [HERE](https://www.coingecko.com/en/coins/ethereum-name-service) The token is down -81% from ATH (all time high) and +108% from ATL (All time Low) Conclusion ---------- Few weeks back I wrote about Rental NFTs and the NFT usage evolution from [vanity to utility.](https://mirror.xyz/0x2fC6Ee06EB8e5E2B188AF0FD36a1C2038a2fC23a/9Jkar9yZPHXt-8Uwr2kZPeD4wPWLNXpazoaCx2xokKk) There are distinct signs of that migration. The first signal is, in spite of BAYC tanking (imho a Profile Picture vanity use case), the OtherDeeds (presents a potential utility use case with land) has surged. But a much more compelling use case is The Web3 Domain name. A surge in trading volume of Web3 domain names (something which many, many users can use and also at a much more affordable price) is a strong indication of an up and coming migration to real life and practical NFT utilities. A key building block to this migration has to be lower cost of minting and trading. The rise of the Solana based NFT ecosystem is a key testimony towards that. The cheaper it gets, more utility demand will follow and vice versa! Sources:  [Forbes](https://apple.news/AhVAUVBrXSt60_iXN-vKCrQ) ,  [CryptoSlam.io](https://cryptoslam.io/),  [CoinGecko](https://www.coingecko.com/en/coins/ethereum-name-service),   [BoardRoom](https://boardroom.tv/nft-sales-roundup-otherdeed-y00ts-doodles/), [Cointelegraph](https://cointelegraph.com/news/ethereum-name-service-registrations-surge-by-200-amid-lower-gas-fees), [DappRadar](https://dappradar.com/nft) --- *Originally published on [BlockchainBanerjee](https://paragraph.com/@blockchainbanerjee/nft-round-up-sep-2022)*