nft Market Sees Significant Growth
Sales volume in the non-fungible token market increased by 10.10% last week. nft sales reached $85.97 million, according to CryptoSlam data, a significant increase compared to the last two weeks of September.
The increase in sales accompanied a 21.73% increase in the number of nft buyers. A change in market dynamics is indicated by recent statistics, which show 794,763 buyers and 377,711 sellers.
Transactions increased along with the increase in buyers. nft transactions increased by 64.72% last week to reach 1,295,201, indicating increased interest and activity in the market. Let us take a closer look at the top performing networks at this particular time.
ethereum.org/en/” data-wpel-link=”external” target=”_blank” rel=”nofollow external noopener noreferrer”>ethereum came out on top, nft sales recorded $27.48 million. It's worth noting that $3.3 million of those sales came from the wash trade. Even so, ethereum buyers grew by 12.49%, reaching 55,859.
Source: CryptoSlam
bitcoin came in second with $12.62 million in sales, but the bitcoin nft market saw a 40% drop in sales over the week. Solana finished third with earnings of $11.8 million. Mythos Chain (MYTH) followed, posting $11.8 million in sales, while Polygon (POL) posted $10.6 million. Binance Coin (BNB) ranked sixth, reaching $3.35 million in sales. It is worth noting that bitcoin and Solana also recorded wash trading figures of $887,810 and $701,810, respectively. Of all these networks, Solana registered the highest number of clients with 393,044.
Among nft collections, DMarket topped the rest with the highest sales over the past seven days. It generated $11.29 million in sales across 396,801 transactions. Second place went to Guild of Guardians, which had sales of $3.19 million in 5,389 transactions. ethereum-based CryptoPunks took third place with $2.89 million in sales for the week.
During this time there were some well-known nft sales. Autoglyphs #209 led the charge, selling for $240,347.95, equivalent to 99 eth. Other top sales included Known Origin #70104, which sold for $200,000 in USDC, and Autoglyphs #512, which sold for $160,000 in USDC. Additionally, Beeple Special Edition #100030016 sold for $123,542.80 in Wrapped ethereum (WETH), and Autoglyphs #293 sold for $150,008.23 in WETH.
The recent surge in the nft market suggests that buyer interest is expanding and the number of transactions has increased significantly. With ethereum leading the way and DMarket making waves, it will be interesting to watch how the market continues to evolve in the coming weeks.
