• 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

a year 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

Strategic Shifts Echo Broader Crypto Trends

chest

Farcaster's shift to a wallet-first model aligns with broader industry trends towards decentralized social networks.

user avatarAisha Farooq

Investor Payouts Unclear Amid 180 Million Acquisition

chest

The Farcaster community has expressed concern about the lack of clarity regarding the repayment of the 180 million raised from investors.

user avatarTenzin Dorje

Aster Exchange Details SPACE Trading Launch and Campaign Requirements

chest

Aster Exchange will launch SPACE spot trading and perpetual futures contracts on January 23, 2025, along with a trading campaign offering rewards for participants.

user avatarBayarjavkhlan Ganbaatar

SEC and CFTC Chairmen to Hold Joint Event on Cryptocurrency Regulation

chest

SEC Chairman Paul Atkins and CFTC Chairman Mike Selig will hold a joint public event to discuss regulatory coordination in the cryptocurrency sector.

user avatarDiego Alvarez

Justin Sun's $8M Investment Boosts River Token to New High

chest

Justin Sun's $8 million investment in the DeFi project River led to a 24% increase in the RIVER token's value, reaching an all-time high of $49, though analysts warn of potential volatility due to leveraged trading.

user avatarMohamed Farouk

PI Token Experiences Brief Recovery Amid Market Volatility

chest

The PI token has seen a temporary increase in value, gaining 4.98% over the last 24 hours. It reached a high of 0.1892 before currently trading at 0.1871. Despite this brief bullish shift, the overall market sentiment remains bearish.

user avatarElias Mukuru

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.