Parsed data from the week spanning October 14-21, 2023, reveals an upward trend in non-fungible token (NFT) sales, with a 12.62% surge from the previous week. Both buyer and seller participation swelled, by 15% and 17% respectively, resulting in approximately $ 70.51 million in NFT transactions.
NFT Sales Break Free From Two-Month Dip
Following a persistent downturn in weekly sales over the past two months, this week witnessed a rebound in NFT sales. Approximately $ 70.51 million worth of NFT transactions were logged across almost two dozen blockchains. Ethereum reigned supreme in this week’s NFT trade volume with $ 36.96 million, marking a 16.09% escalation from the week before. With $ 36.96 million this week, Ethereum’s NFT sales account for 52.41% of the week’s aggregate. Statistics were recorded by the NFT aggregation site cryptoslam.io.
Ethereum’s NFT supremacy was trailed by Mythos, which recorded $ 9.54 million, a 5.61% uptick, and Solana, which posted $ 6.69 million, a sizable 25.31% jump. Immutable X ($ 4.99M) and Polygon ($ 3.86M) completed the top five, while Bitcoin ($ 2.99M) clinched the sixth spot in the NFT sales ranking this week. The most lucrative collection this week was Mythos’ Dmarket, generating $ 9.48 million in sales, with Gods Unchained falling closely behind at $ 4.76 million.
The Bored Ape Yacht Club (BAYC) registered $ 4.31 million in sales, followed by Winds of Yawana, which raked in $ 3.57 million from NFT trades. Sorare took the fifth spot this week, with sales totaling $ 2.3 million. Over the seven-day period, roughly 1,602,001 NFT transactions were tracked, a 2.34% decrease from the previous week. The week’s highest-grossing NFT sale was Cryptopunk #9611, which fetched $ 250,556 two days ago. This sale was succeeded by a Cardano NFT named Cardanians Loyalty, which was purchased for $ 159,096.
One of BNB’s Halmonious Realms NFTs was sold for $ 50,000 and an unclassified Ordinal inscription fetched $ 30,463. The fifth most expensive NFT sale this week was a Solana-based digital collectible, Mad Lads #6041, which was sold for $ 15,116. Despite the recent uptick in NFT sales, the continuance of this trend remains uncertain. Presently, a significant majority of today’s NFTs are valued at 90% less than their peak prices.
What do you think about this week’s NFT sales? Share your thoughts and opinions about this subject in the comments section below.
Bitcoin News
Leave a Reply
You must be logged in to post a comment.