NFT Sales Volume Index (7D)

The NFT Sales Volume Index (7D) is calculated to select the top 25 non-fungible token (NFT) collections by multiplying the number of editions sold by the price of an item over a previous seven-day period.

This metric is a data point on the Crypto.com Price page, allowing traders to gauge the level of interest in an NFT, as a high volume index may indicate strong interest in the project.

The NFT Sales Volume Index (7D) and similar data — like Rank, Sales (7D), Floor Price, and Average Price (7D) — all come together to provide valuable information to potential traders. These metrics are advisable when looking at a potential NFT purchase, as they paint a fuller picture of its current/past value and popularity.

Key Takeaway

The NFT Sales Volume Index (7D) shows the price and number of editions of a non-fungible token (NFT) collection sold over a 7-day (7D) period.

Related Words

Market Cap

Market cap refers to the total dollar value of a cryptocurrency in circulation. It is calculated by multiplying the token price by the total number of tokens.

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Circulating Supply

Circulating supply is the amount of a cryptocurrency currently on the market. The number can grow or shrink for various reasons.

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TradFi

Traditional finance, or TradFi, is a conventional approach to financial activities that relies on established institutions, such as banks, insurance companies, investment companies, and stock exchanges.

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Collection Value

Collection Value is the aggregated monetary value of all the NFTs in a collection.

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Crypto Asset

Crypto assets are transferable digital representations of value made possible by cryptography and blockchain technology.

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24H Volume

24H Volume shows the number of a cryptocurrency’s tokens traded over a 24-hour time frame.

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7D

7D, short for seven days, refers to price data that has been collected for a cryptocurrency over a 7-day period.

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Floor Price

Floor Price is equal to the lowest-priced NFT in a collection.

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Gas (ETH)

Gas is the cost of a transaction on the Ethereum network.

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Average Price (7D)

Average Price (7D) shows the average price paid for non-fungible tokens (NFTs) in a collection over a seven-day period.

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