Non-fungible tokens (NFTs) have seen a steady increase in terms of weekly Ether (eth) sales volume, according to blockchain analytics platform Nansen.
In a post on X (formerly Twitter), Nansen highlighted That in the week ending October 9, nft sales were 29,704 eth, worth around $56 million at current eth market prices. Sales volume increase weekly until reaching 68,342 eth, worth more than $129 million.
nft marketplace Blur had the largest share of nft trading volume in the last 30 days. According to data aggregator NFTGo, Blur had a trading volume of 161,433 eth (approximately $305 million) in the previous 30 days. Meanwhile, second place went to its competitor, OpenSea, which had 52,307 eth in trading volume, or around $100 million.
In terms of nft collections, Bored Ape Yacht Club (BAYC) had the highest trading volume in the last 30 days. The BAYC collection had a volume of 35,226 eth, or around $66.7 million. The collection was followed by Mutant Ape Yacht Club (MAYC) with 14,947 eth and The Captainz with 9,948 eth.
CryptoPunks remained the top collection in terms of market capitalization. However, the collection only had a trading volume of 5,773 eth in the last 30 days.
Apart from this, NFTGo data also showed that there has been a 12% increase in nft traders in the last seven days. Buyer addresses were 22,804, while seller addresses were 27,308 in the same time period. Meanwhile, the number of wallets containing NFTs was still around six million.
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The increase in nft trading volume came amid seemingly bearish news for the nft market. On November 3, nft marketplace OpenSea laid off half of its staff as it prepares to launch its second version.
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