NFT Sales on Ethereum and Bitcoin Reach Record Levels, Outpacing Competitors

user avatar

by Giorgi Kostiuk

2 years ago

NFT sales reached $181 million last week, showing significant growth compared to the previous week.

Record NFT Sales on Major Blockchains

According to CryptoSlam, NFT sales recorded $181 million over the past week, marking a 94% increase from the previous week's $93 million. Ethereum and Bitcoin stood out among other blockchains, with substantial growth: Ethereum's sales rose to $67 million, and Bitcoin reached $60 million.

Growth in Average NFT Transaction Value

The average value of an NFT transaction increased significantly with rising sales volumes. A week ago, the average sale value was $71.11, but this week it jumped 87% to $133.08.

Recovery in Place: Market Shows Signs of Rebound

The market began to recover, ending its decline seen in monthly sales charts. October's digital collectibles sales reached $356 million, an 18% increase from September's record low. The total number of NFT transactions for the month hit 7.2 million, a 42% rise from the previous month.

The significant growth in NFT sales and average transaction values highlights a recovery in the market after an extended slump.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

TRON DAO Takes Center Stage at TOKEN2049 and DAS Asia 2026

TRON DAO participated as Title Sponsor at TOKEN2049 Singapore and DAS Asia 2026, discussing the future of stablecoins, AI-driven commerce, and blockchain infrastructure.

user avatarKofi Adjeman

Bitcoin Life Insurance Company Secures $375 Million in Funding

A Bermuda-based life insurance company operating entirely in Bitcoin has raised $375 million to meet growing demand for its policies among wealthy families.

user avatarNguyen Van Long

Senator Blumenthal Seeks Information from Cantor Fitzgerald on Tether Dealings

Senator Richard Blumenthal has requested Cantor Fitzgerald to provide records related to its business relationship with Tether, focusing on the financial gains of Commerce Secretary Howard Lutnick's family.

user avatarSatoshi Nakamura

Ledger Halts Sales Amid Fund Loss Investigations

Ledger has paused sales and shipments of its hardware wallets after reports of fund losses from customers in Southeast Asia who purchased devices from CryptoBilis.

user avatarJesper Sørensen

Project Eleven and Quantus Collaborate on Strongpoint for Future Crypto Custody

Project Eleven has partnered with Quantus to enhance crypto custody solutions through the integration of the Quantus Network into Strongpoint, targeting support for post-quantum cryptography by Q1 2027.

user avatarRajesh Kumar

Sui and Alibaba Cloud Collaborate on AI Agent Payment Integration

Sui and Alibaba Cloud are developing a payment model for AI agents to autonomously pay for cloud services using stablecoins.

user avatarLucas Weissmann

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.