• 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

Ethereum Exchange Reserves Reach Lowest Level in Six Years

chest

Ethereum reserves on Binance have recently fallen to approximately 346 million ETH, marking the lowest level recorded since 2020.

user avatarTomas Novak

Cryptocurrency Withdrawals Surge in Iran Amidst Airstrikes

chest

Surge in cryptocurrency withdrawals from Iran's largest exchange following US and Israeli airstrikes in Tehran.

user avatarLeo van der Veen

XRP Positioned as Global Settlement Layer Amidst Shifting Financial Landscape

chest

Market analyst Luke Suther argues that XRP is establishing itself as a global settlement layer, emphasizing its utility in moving value quickly across borders in a multipolar world.

user avatarMaya Lundqvist

XRP Emerges as Alternative for National Security in Global Finance

chest

Versan Aljarrah highlights the need for alternatives to dollar-dominated systems as nations seek to protect their financial sovereignty.

user avatarKaterina Papadopoulou

Ethereum Mainnet Activity Soars to New Heights Despite Market Challenges

chest

Ethereum's mainnet activity has surged to nearly 3 million daily transactions, reaching an all-time high despite bear market conditions.

user avatarLi Weicheng

Shielded Labs Calls for Urgent Action on Zcash Sustainability

chest

Shielded Labs calls for urgent action from the Zcash community on long-term sustainability changes, emphasizing the need for clarity around future security and emissions to attract investment.

user avatarAisha Farooq

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.