Parsed data from the week of October 14 to 21, 2023 shows an upward trend in non-fungible token (NFT) sales, up 12.62% from the previous week. Participation from both buyers and sellers increased, by 15% and 17% respectively, resulting in approximately $70.51 million in NFT transactions.
NFT sales break out of two-month dip
After a sustained decline in weekly sales over the past two months, this week witnessed a recovery in NFT sales. About $70.51 million worth of NFT transactions were recorded on nearly two dozen blockchains. Ethereum reigned supreme in NFT trading volume this week with $36.96 million, marking a 16.09% escalation from the previous week. At $36.96 million this week, Ethereum’s NFT sales account for 52.41% of the week’s total. Statistics are recorded by the NFT aggregation site cryptoslam.io.
Seven-day NFT sales between October 14 and 21, 2023, according to data from cryptoslam.io.
Ethereum’s NFT supremacy was followed by Mythos, which registered $9.54 million, up 5.61%, and Solana, which recorded $6.69 million, up a significant 25.31%. Immutable The most lucrative collection this week was Mythos’ Dmarket, which generated $9.48 million in sales, with Gods Unchained following closely behind with $4.76 million.
Top five NFT sales this week.
Bored Ape Yacht Club (BAYC) posted revenue of $4.31 million, followed by Winds of Yawana, which raked in $3.57 million from NFT transactions. Sorare took fifth place this week, with sales totaling $2.3 million. Approximately 1,602,001 NFT transactions were tracked during the seven-day period, down 2.34% from the previous week. The highest-grossing NFT sale of the week was Cryptopunk #9611, which raised $250,556 two days ago. This sale was followed by a Cardano NFT called Cardanians Loyalty, which was purchased for $159,096.
One of BNB’s Halmonious Realms NFTs sold for $50,000 and an ungraded Ordinal inscription fetched $30,463. The fifth most expensive NFT sale this week was a Solana-based digital collectible, Mad Lads #6041, which sold for $15,116. Despite the recent surge in NFT sales, the continuation of this trend remains uncertain. Currently, a significant majority of current NFTs are valued at 90% less than their peak prices.
What do you think of this week’s NFT sales? Share your thoughts and opinions on this topic in the comments below.
