Weekly NFT Sales Reach $85.9M with Ethereum Leading the Way

The NFT market has seen a significant increase, with sales volume rising by 10.10% over the past week, totaling $85.97 million. This surge indicates a robust recovery compared to the previous weeks of September.

Increase in Buyers and Transactions

• The number of NFT buyers has also grown by 21.73%, reaching 794,763.
• Conversely, NFT sellers have decreased to 377,711.
• NFT transactions have skyrocketed by over 64.72%, totaling 1,295,201 in the last seven days.

Ethereum Dominates the Sales Leaderboard

According to data from Cryptoslam, Ethereum remains the top blockchain for NFT sales, generating $27.48 million. However, it's important to note that $3.3 million of this amount was attributed to wash trading. The number of Ethereum NFT buyers increased by 12.49%, reaching 55,859.

Performance of Other Blockchains

• Bitcoin follows in second place with $12.62 million in sales but experienced a 40% decline in sales.
• Solana ranks third, achieving $11.8 million in sales.
• Other notable blockchains include Mythos Chain with $11.8 million, Polygon with $10.6 million, and Binance Coin with $3.35 million.
• Wash trading accounted for $887,810 for Bitcoin and $701,810 for Solana.

Top NFT Collections of the Week

DMarket leads the NFT collection sales with $11.29 million from 396,801 transactions. Following it is the Guild of Guardians with $3.19 million, and CryptoPunks with $2.89 million in sales.

Notable NFT Sales

Some of the top NFT sales during this period include:

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