Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesStocksEarnInstitutionAI & More
NFT sales soared to the highest level since August

NFT sales soared to the highest level since August

Bitget2024/10/07 07:46
On October 7th, the weekly sales of non-fungible tokens (NFTs) reached the highest level since August, after a previous decline due to the generally sluggish market. Data from NFT market tracker CryptoSlam! shows that sales between September 30th and October 6th exceeded $84.90 million, marking the highest weekly NFT sales since the week of August 25th (sales exceeded $93 million).
 
According to CryptoSlam's data, during the period from August 23 to August 29, 2021, the highest weekly sales of NFTs exceeded $2.20 billion! However, among the top five NFT blockchains, the transaction volume of Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) decreased compared to the previous week. In contrast, Mythos Chain saw a significant increase, rising to second place after Ethereum, with sales exceeding $15 million, an increase of over 6,000% in the past seven days. Polygon's weekly sales also increased by 210%.
 
Overall, only two of the top five NFT blockchains achieved positive growth this week. The NFT collection Dmarket recorded the highest sales in the past seven days, with sales exceeding $14 million in 537,714 transactions. In addition to the increase in total weekly trading volume, the number of NFT buyers also increased, according to CryptoSlam! data, with over 839,000 NFT buyers in the past seven days, an increase of nearly 22% from the previous week. The transaction volume also increased significantly, with a total record of over 2 million transactions, an increase of over 71% from the previous week.
 
Despite these gains, the broader NFT market is still struggling to recover from the highs of previous years. According to CryptoSlam!, NFT sales in September were $303 million, down from $373 million in August. So far, the strongest month for the market in 2024 has been March, with sales reaching $1.60 billion. A report released by NFT Evening analysts on August 20th showed that among the approximately 5,000 NFT collections examined, 96% will be inactive in 2024, and over one-third will be inactive in 2023. The report points out that these collections have no trading activity, sales, or social media participation for more than a week, and the average lifespan of NFT collections is just over a year.
 
#BTC #NFT
0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!

You may also like

After Jensen's resignation, the "Big Short" doubles down on shorting tech stocks! Warns the AI boom may turn into a "bull trap"

Michael Burry increased his short positions following Huang Renxun's resignation. He compared Nasdaq’s October peak to the top of the 2000 internet bubble. On November 12th, he doubled his put option positions on the Nasdaq 100, with expiry set for early 2027, and rebuilt put options on the VanEck Semiconductor Index. He directly warned investors to "exit the market" and predicted a significant correction in chip stocks before mid-2027.

华尔街见闻•2026/11/14 04:31
After Jensen's resignation, the "Big Short" doubles down on shorting tech stocks! Warns the AI boom may turn into a "bull trap"

Tesla (TSLA.US) Cybercab limited pre-orders open: priced at $29,990, with an additional monthly operating fee of $299

According to reports, Tesla has invited select customers to reserve the Cybercab, taking a step toward launching this self-driving model to general consumers.

智通财经•2026/11/14 03:36
Tesla (TSLA.US) Cybercab limited pre-orders open: priced at $29,990, with an additional monthly operating fee of $299

Fed Vice Chair Sets the Tone: Inflation Is the "Most Important Signal," Interest Rate Decisions Depend on It

Federal Reserve Vice Chair Philip Jefferson stated that when policymakers consider whether to raise interest rates further, inflation has become the most important metric.

智通财经•2026/11/14 03:01

Elon Musk Leads Petition! Silicon Valley Supports Jensen Huang as Tens of Thousands Call for the Return of the Founder

Elon Musk has publicly co-signed a petition in support of Jensen Huang’s return to NVIDIA. The number of signatures on the petition website has surpassed 14,000, causing the site to almost crash due to a surge in traffic. What is raising further alarm in the capital markets is that NVIDIA’s core engineers have made collective statements, warning that if senior management mishandles the situation, key technical talent may leave, potentially undermining NVIDIA’s competitive moat.

华尔街见闻•2026/11/14 01:36