• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

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.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Bitcoin Price Sees Fresh Increase Above 64,500

chest

Bitcoin price has started a fresh increase, clearing the 64,500 zone and showing potential for further gains.

user avatarLucas Weissmann

Liberland Congress Removes Secretary of Technology Amid Controversy

chest

The Congress of Liberland has voted to remove Dorian Stern Vukoti from his role as Secretary of Technology due to serious allegations including the removal of multisig protections and unauthorized actions.

user avatarFilippo Romano

Bitcoin ETFs See Major Inflows After Nearly a Month

chest

Bitcoin ETFs have recorded their first major net inflow in almost a month, attracting a total of $859 million in capital yesterday.

user avatarEmily Carter

SBF's Appeal Rejected by Second Circuit Court

chest

Sam Bankman-Fried's appeal for a new trial in the FTX fraud case was denied by the Second US Circuit Court of Appeals, upholding his convictions and limiting his legal options.

user avatarTomas Novak

DeFi Sector Achieves Record $175 Million Fundraising

chest

In a groundbreaking move for the decentralized finance (DeFi) sector, a total of $175 million has been raised in a funding round led by Paradigm, a16zcrypto, and RibbitCapital.

user avatarKaterina Papadopoulou

XRPL Fee Data Highlights Network Activity

chest

Recent fee data indicates a drop in daily network fees on the XRP Ledger, sparking discussions about network activity and demand.

user avatarMaya Lundqvist

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.