NFT market grows significantly
Sales of non-fungible tokens increased by 10.10% last week. According to statistics, NFT sales reached $85.97 million Crypto Grand Slam The data showed a sharp increase from the last two weeks of September.
Along with the growth in sales, the number of NFT buyers also increased by 21.73%. Recent statistics show a change in market dynamics, with the number of buyers at 794,763 and sellers at 377,711.
As the number of buyers increases, so does the transaction volume. NFT trading volume increased by 64.72% last week to 1,295,201 transactions, indicating increased market interest and activity. Let’s look in more detail at the best-performing networks at this particular time.
Ethereum Topping the list, NFT sales reached $27.48 million. Notably, $3.3 million of the sales came from wash sales. Even so, the number of buyers of Ethereum increased by 12.49% to 55,859.
Source: CryptoSlam
Bitcoin ranked second with sales of $12.62 million, but the Bitcoin NFT market saw sales drop by 40% this week. Solana ranked third with earnings of $11.8 million. Mythos Chain (MYTH) follows closely behind with sales of $11.8 million, while Polygon (POL) has sales of $10.6 million. Binance Coin (BNB) ranked sixth with sales of $3.35 million. It is worth noting that the fake transaction data for Bitcoin and Solana are $887,810 and $701,810 respectively. Of all these networks, Solana has the highest number of registered buyers at 393,044.
Within the NFT range, DMarket has outperformed the rest, recording the highest sales volume over the past seven days. It generated sales of $11.29 million through 396,801 transactions. Second place went to Guild of Guardians, which had sales of $3.19 million across 5,389 transactions. Ethereum-based CryptoPunks ranked third this week with $2.89 million in sales.
There have been some high-profile NFT sales during this time. Autoglyphs #209 leads the way, selling for $240,347.95, equivalent to 99 ETH. Other top selling products include Known Origin #70104 ($200,000 USDC) and Autoglyphs #512 ($160,000 USDC). Additionally, Beeple Special Edition #100030016 is priced at $123,542.80 in Wrapped Ethereum (WETH) and Autoglyphs #293 is priced at $150,008.23 in WETH.
The recent surge in the NFT market indicates that buyer interest is broadening and transaction volume has increased significantly. With Ethereum leading the way and DMarket making waves, it will be interesting to see how the market continues to develop over the next few weeks.
