Between October 29 and November 5, 2023, sales of non-fungible tokens (NFTs) increased 18.30% compared to the previous week, reaching a high of $106.32 million. This week’s NFT statistics show an increase in activity, with the number of buyers and sellers increasing by 17.77% and 15.82% respectively.
NFT market revives with 7-day gains
After a period of decline and unimpressive performance in October, NFT sales have rebounded this past week. Last week’s NFT sales were $89.87 million, but the current week saw an increase of 18.30% to $106.32 million. Leading the pack, Ethereum-based NFT sales totaled $60.91 million, up 8.55% this week.
NFT sales between October 29 and November 5, 2023, according to data from cryptoslam.io.
Ethereum’s dominance was closely followed by the strong performance of Bitcoin, which posted sales of $13.17 million during the week. These numbers for Bitcoin-based NFTs increased by 154.75% compared to the previous week, with BTC-based NFTs hitting a high not seen in a long time. Solana and Mythos followed, with Solana NFT transactions raising $8.53 million and Mythos remaining in last place with revenues worth $7.46 million.
Immutable X rounded out the top five blockchains of the week with $5.69 million in NFT sales. Bored Ape Yacht Club (BAYC) led the week’s top-selling NFT collections with $10.79 million in sales, followed by The Captainz, which raised $8.54 million. Dmarket posted revenue of $7.39 million, while Bitcoin’s BRC20 NFTs reached $7.3 million. Additionally, Gods Unchained’s revenue increased by more than 53%, reaching $5.42 million, with Bitcoin’s BRC20 NFTs jumping 224.89%.
The most expensive NFT transaction of the week was BAYC #6022, which raised $303,000. A BRC20 NFT followed, raising $56K. “Tigris Position #10505,” an Arbitrum NFT, sold for $39K, while Emurgo, a Cardano-based asset, reached $32K in sales. Solana’s “Mad Lads #5364” rounded out the top five, changing hands for $31K. While an 18% increase in sales is a sign of progress, it is necessary to continue this trend with consistent gains in the coming weeks to offset the recent slump.
What do you think of this week’s NFT sales? Share your thoughts and opinions on this topic in the comments below.