NFT Markets Rebound With 18% Rise to $106M; Bitcoin NFTs Take Second Place Under Ether's Lead


Between October 29 and November 5, 2023, sales of non-fungible tokens (NFTs) rose by 18.30% compared to the week before, reaching a high of $106.32 million. This week’s NFT statistics reveal an uptick in activity, with the number of buyers and sellers climbing by 17.77% and 15.82%, respectively.


NFT Market Revives With 7-Day Gains


Following a period of decline and unimpressive performance throughout October, NFT sales have rebounded in the last week. The previous week’s NFT sales stood at $89.87 million, but the current week showed an increase of 18.30%, reaching $106.32 million. Leading the charge, Ethereum-based NFT sales amassed $60.91 million, marking an increase of 8.55% this week.


Ethereum’s dominance was closely tailed by Bitcoin’s strong performance, which notched $13.17 million in sales over the week. These figures for Bitcoin-based NFTs rose by 154.75% compared to the previous week, with BTC-based NFTs hitting a record that hadn’t been seen in a significant span. Solana and Mythos followed, with Solana NFT transactions capturing $8.53 million and Mythos trailing close with sales worth $7.46 million.


Immutable X rounded off the top five blockchains for the week with $5.69 million in NFT sales. Bored Ape Yacht Club (BAYC) led the week’s top-selling NFT collections with $10.79 million in sales, followed by The Captainz, which amassed $8.54 million. Dmarket recorded sales of $7.39 million, while Bitcoin’s BRC20 NFTs hit $7.3 million. Additionally, Gods Unchained’s sales climbed over 53%, amounting to $5.42 million, with Bitcoin’s BRC20 NFTs making a leap of 224.89%.


The priciest NFT transaction of the week was BAYC #6022, fetching $303K. A BRC20 NFT followed, fetching $56K. “Tigris Position #10505,” an Arbitrum NFT, sold for $39K, while Emurgo, a Cardano-based asset, reached $32K in sales. Solana’s “Mad Lads #5364” rounded out the top five, changing hands at $31K. Although an 18% uptick in sales marks progress, sustaining this trend over the following weeks with consistent gains is necessary to offset the recent slump.


Source : / November 05, 2023 logo


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