NFT Market Bounces Back—Weekly Sales Soar Nearly 15% Despite Major Drop in Buyers

CN
4 days ago

Between Nov. 2 and Nov. 9, 2024, NFT sales hit $95.72 million, marking a 14.99% boost over the previous week, which had followed several weeks of declining activity. Despite this positive shift, the number of buyers for digital collectibles dropped by a significant 90.21%, while NFT sellers saw an 88.80% decrease.

NFT Market Bounces Back—Weekly Sales Soar Nearly 15% Despite Major Drop in Buyers

Ethereum led the week as the top blockchain for seven-day sales, reaching $31.14 million and seeing a 13.25% increase. Close behind, Bitcoin-focused NFT sales took the second spot with $26.01 million, and Solana ranked third with $12.97 million in sales recorded from Nov. 2 through Nov. 9.

In terms of collections, Bitcoin’s BRC20 NFTs topped the chart, amassing $10.45 million in sales—a substantial 424.97% increase from the previous week. Mythos’ Dmarket took second place with $5.5 million, though Dmarket sales dipped 2.97% from the prior week. Ethereum-based Cryptopunks secured the third spot with just over $3 million in sales, climbing 94.72%.

The highest-priced NFT sold this week was an Ethereum-based Wise Lending NFT, fetching $361,274 yesterday. A BNB-based Lock Deal NFT followed, selling for $162,977 three days ago, while Bitcoin’s S Shroom sold for $142,742. A total of about 1,660,036 NFT transactions occurred this week, though that number slid 2.31% from the week before, according to cryptoslam.io.

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