Weekly NFT sales volumes have hit their peak since August, with an increase in buyers and transactions.
Market Data Analysis
Data from CryptoSlam! shows that weekly NFT sales from Sept. 30 to Oct. 6 exceeded $84.9 million. This is the highest since late August, when sales volumes reached $93 million.
Blockchain Trading Movements
Three out of the top five blockchains for NFTs registered lower trading volumes: Bitcoin, Ether, and Solana. However, Mythos Chain led with significant gains, ranking second after Ethereum with over a 6,000% increase in sales. Polygon also showed a 210% rise.
Trends and Conclusion
The NFT collection Dmarket led weekly sales with over $14 million across 537,714 transactions. The number of NFT buyers also increased nearly 22%, exceeding 839,000. Despite the positive sales figures, the broader NFT market still struggles to regain previous years' heights.
While the weekly performance is impressive, the NFT market remains in recovery mode, aiming to return to its previous highs.