Weekly NFT sales rise to $85.9m, Ethereum network leads the pack

The non-fungible token (NFT) market has seen a notable resurgence, with a 10.10% increase in sales volume over the past week. Current data from Cryptoslam indicates that NFT sales volume has reached approximately $85.97 million, reflecting a positive trend compared to the last two weeks of September.

In tandem with the rise in sales volume, the number of NFT buyers has surged by 21.73%, reaching 794,763. Meanwhile, the number of NFT sellers has declined significantly, dropping to around 377,711. This shift suggests a growing interest and activity in the NFT space.

Additionally, NFT transactions have skyrocketed by over 64.72% in the past week, totaling 1,295,201 transactions. This increase in activity bodes well for the market, signaling heightened engagement and interest among users.

Top Performing Networks

To understand which platforms are driving this growth, we will delve into the networks that have recorded the highest sales during this period. The data reveals valuable insights into where the most significant activity and investor interest are concentrated.

Overall, the combination of increased sales volume, buyer activity, and transaction numbers indicates a revitalized NFT market, paving the way for continued momentum in the coming weeks.

Ethereum stands tall in the leaderboard

According to the latest data from Cryptoslam, Ethereum leads the NFT market with an impressive sales volume of $27.48 million. However, it’s worth noting that $3.3 million of this total can be attributed to wash trading. Ethereum also saw a 12.49% increase in the number of buyers, reaching 55,859.

In second place, Bitcoin generated $12.62 million in NFT sales, but this marks a significant 40% drop compared to the previous week.

Solana follows closely in third with $11.8 million in sales. Notably, Solana recorded the highest number of buyers among the top networks, totaling 393,044.

The Mythos Chain (MYTH), Polygon (POL), and Binance Coin (BNB) round out the list with sales volumes of $11.8 million, $10.6 million, and $3.35 million, respectively. Both Bitcoin and Solana reported wash trading amounts of $887,810 and $701,810, respectively.

This data underscores Ethereum’s dominance in the NFT space, while also highlighting the varying performance of other networks in terms of both sales and buyer activity.

DMarket records highest sales

DMarket has emerged as the leading NFT collection in terms of sales over the past week, recording an impressive $11.29 million from over 396,801 transactions. Following closely in second place is Guild of Guardians, which achieved $3.19 million in sales across 5,389 transactions. Ethereum’s iconic CryptoPunks secured the third position with a sales volume of $2.89 million.

In terms of individual NFT sales, several high-value transactions stood out during this period:

• Autoglyphs #209 sold for $240,347.95 (99 ETH).
• Known Origin #70104 fetched $200,000 (200,000 USDC).
• Autoglyphs #512 was sold for $160,000 (160,000 USDC).
• Autoglyphs #293 went for $150,008.23 (56 WETH).
• Beeple Special Edition #100030016 was sold for $123,542.80 (50 WETH).

These transactions highlight the ongoing interest and investment in high-value NFT collectibles, particularly within the Autoglyphs collection, which has consistently commanded high prices.