The Boston Celtics and New York Knicks tipped off the 2024-2025 NBA season on Tuesday, Oct. 22, and helped propel NBA Topshot NFT sales to their highest weekly levels since before last season's NBA playoffs began. 

As of the week ending Oct. 27, weekly sales have reached 43,600 NFTs, marking a significant resurgence in activity after a period of stagnation. This represents a 94% increase compared to the previous week’s total.

Early 2024 saw relatively steady levels of activity, with weekly NBA Topshot sales averaging around 43,000 NFTs in the months leading up to the playoffs. However, activity sharply declined during and after the playoffs. Weekly sales averaged just 26,000 NFTs in this period, reflecting a decrease in user interest during the playoffs and the offseason.

The data clearly shows that the excitement surrounding the start of the new NBA season has reignited interest in NBA Topshot NFTs.

This is an excerpt from The Block's Data & Insights newsletter. Dig into the numbers making up the industry's most thought-provoking trends.

Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.

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