Steady Rise in Weekly ETH Sales Volume for NFTs
The sales volume of nonfungible tokens (NFTs) has experienced a consistent increase in weekly Ether (ETH) sales volume, as reported by blockchain analytics platform Nansen. In the week ending on October 9, NFT sales were recorded at 29,704 ETH, equivalent to approximately $56 million at current ETH market prices. This sales volume steadily rose, reaching 68,342 ETH, valued at over $129 million.
Blur Dominates NFT Trading Volume
NFT marketplace Blur emerged as the leader in NFT trading volume over the past 30 days, according to data aggregator NFTGo. The platform recorded a trading volume of 161,433 ETH, amounting to roughly $305 million. OpenSea secured the second spot with a trading volume of 52,307 ETH, equivalent to around $100 million.
Bored Ape Yacht Club Tops NFT Collections
In terms of NFT collections, Bored Ape Yacht Club (BAYC) dominated the trading volume in the last 30 days. The BAYC collection garnered a volume of 35,226 ETH, valued at approximately $66.7 million. Following closely behind were Mutant Ape Yacht Club (MAYC) with 14,947 ETH and The Captainz with 9,948 ETH.
CryptoPunks Leads in Market Capitalization
Although CryptoPunks remained the top collection in terms of market capitalization, its trading volume in the last 30 days was only 5,773 ETH.
12% Increase in NFT Traders
NFTGo's data revealed a 12% increase in NFT traders over the past seven days. The number of buyer addresses reached 22,804, while sellers amounted to 27,308. The total number of wallets holding NFTs remained relatively stable at around six million.
NFT Market Thrives Despite OpenSea Layoffs
Despite seemingly bearish news for the NFT market, such as the recent layoffs at NFT marketplace OpenSea, the trading volume for NFTs continues to rise.
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