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NFT sales volume rises to $129 million

According to blockchain analysis platform Nansen, non-fungible tokens (NFTs) Ether has seen a steady increase in terms of weekly sales volume (ETH).
Nansen said in a post on X (formerly Twitter): highlighted NFT sales in the week ending October 9 totaled 29,704 ETH, or approximately $56 million. sales volume increasing every week, reaching 68,342 ETH worth over $129 million.
NFT marketplace Blur saw the highest volume share in the last 30 days. According to data aggregator NFTGo, Blur has seen volume of 161,433 ETH (about $305 million) in the last 30 days. Second place was taken by rival OpenSea, which recorded 52,307 ETH (about $100 million).

30-day trading volume data from NFT marketplaces. Source: NFTGo

Bored Ape Yacht Club (BAYC) recorded the highest volume in terms of NFT collections during the same time period. BAYC’s collection reached a volume of 35,226 ETH or $66.7 million. The collection is followed by Mutant Ape Yacht Club (MAYC) with 14,947 ETH and The Captainz with 9,948 ETH.
CryptoPunks continued to hold the top spot in terms of market cap. However, the volume of the collection was only 5,773 ETH.
Apart from these, NFTGo data also highlighted a 12% increase in NFT traders in the last seven days. In the same period, the address of buyers was 22 thousand 804 and the address of sellers was 27 thousand 308. Meanwhile, the number of wallets holding NFTs was still around six million.
The increase in NFT trading volume occurred during a period when news in the NFT market was bearish. On November 3, NFT marketplace OpenSea laid off half its staff to prepare to launch its second version.

Translation by Walter Rizzo

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