NFT Sales Spike 12.62% Higher Than Last Week, Breaking Two-Month Downturn

Parsed information from the week spanning October 14-21, 2023, reveals an upward inclination successful non-fungible token (NFT) sales, with a 12.62% surge from the erstwhile week. Both purchaser and seller information swelled, by 15% and 17% respectively, resulting successful astir $70.51 cardinal successful NFT transactions.

NFT Sales Break Free From Two-Month Dip

Following a persistent downturn successful play income implicit the past 2 months, this week witnessed a rebound successful NFT sales. Approximately $70.51 cardinal worthy of NFT transactions were logged crossed astir 2 twelve blockchains. Ethereum reigned ultimate successful this week’s NFT commercialized measurement with $36.96 million, marking a 16.09% escalation from the week before. With $36.96 cardinal this week, Ethereum’s NFT income relationship for 52.41% of the week’s aggregate. Statistics were recorded by the NFT aggregation tract cryptoslam.io.

Ethereum’s NFT supremacy was trailed by Mythos, which recorded $9.54 million, a 5.61% uptick, and Solana, which posted $6.69 million, a sizable 25.31% jump. Immutable X ($4.99M) and Polygon ($3.86M) completed the apical five, portion Bitcoin ($2.99M) clinched the sixth spot successful the NFT income ranking this week. The astir lucrative postulation this week was Mythos’ Dmarket, generating $9.48 cardinal successful sales, with Gods Unchained falling intimately down astatine $4.76 million.

The Bored Ape Yacht Club (BAYC) registered $4.31 cardinal successful sales, followed by Winds of Yawana, which raked successful $3.57 cardinal from NFT trades. Sorare took the 5th spot this week, with income totaling $2.3 million. Over the seven-day period, astir 1,602,001 NFT transactions were tracked, a 2.34% alteration from the erstwhile week. The week’s highest-grossing NFT merchantability was Cryptopunk #9611, which fetched $250,556 2 days ago. This merchantability was succeeded by a Cardano NFT named Cardanians Loyalty, which was purchased for $159,096.

One of BNB’s Halmonious Realms NFTs was sold for $50,000 and an unclassified Ordinal inscription fetched $30,463. The 5th astir costly NFT merchantability this week was a Solana-based integer collectible, Mad Lads #6041, which was sold for $15,116. Despite the caller uptick successful NFT sales, the continuance of this inclination remains uncertain. Presently, a important bulk of today’s NFTs are valued astatine 90% little than their highest prices.

What bash you deliberation astir this week’s NFT sales? Share your thoughts and opinions astir this taxable successful the comments conception below.