<p>The majority of top NFT collectibles have seen a considerable decrease in sales volume over the last week.</p> <p>According to data from <a href="https://www.cryptoslam.io/">CryptoSlam</a>, four out of the top five NFT collectibles by trading volume — namely Loot, CryptoPunks, Bored Ape Yacht Club and Art Blocks — saw declines ranging from 44% to 82%. Axie Infinity, a project that uses NFTs for gaming, countered the trend with a 7% increase in trading volume.</p> <p>It appears that each of these projects — bar Loot, which took off at the start of this month — peaked toward the end of August, with both CryptoPunks and Bored Ape Yacht Club seeing massive peaks in trading volumes on August 28. Bored Ape Yach Club saw $55.7 million in sales volume that day while CryptoPunks hit $143 million.</p> <p>According to <a href="https://www.theblockcrypto.com/data/nft-non-fungible-tokens/art-collectibles/art-and-collectibles-nft-trade-volume">The Block's Data Dashboard</a>, weekly sales for top NFT collectibles have fallen over the last couple of weeks from highs of $882 million to last week's total of $129 million.</p> <p><iframe frameborder="0" height="420" src="https://embed.theblockcrypto.com/data/nft-non-fungible-tokens/art-collectibles/art-and-collectibles-nft-trade-volume/embed" title="Art and Collectibles NFT Trade Volume" width="100%"></iframe></p> <p>Average sales have also been on the decline since the start of this month. Bored Ape Yacht Club NFTs, which were selling for around $200,000 on average are now going for around $133,000. CryptoPunks, which were selling for around $400,000 on average, have dropped toward $330,000.</p> <p>Other top projects seeing falling sales volume include Mutant Ape Yacht Club, Pudgy Penguins, Creature World NFT, Cool Cats and Meebits.</p> <p>Some projects are defying the trend, such as <span class="js-tooltip" title="" data-toggle="tooltip" data-container="body" data-original-title="Full, detailed tracking for Monkey Bet will be available soon!" aria-describedby="tooltip468892"><span class="summary-sales-table__column-product-name">Monkey Bet DAO</span></span>, which has seen a 225% increase in trading volume over the last week.</p>