NFT sales rebound, Ethereum and Bitcoin lead the surge By  |  Editor Pollock Mondal

Published Nov 06, 2023 04:28AM ET

In a welcome rebound following a slump in October, the week from Sunday, October 29 to Saturday, November 5, 2023, saw NFT sales surge by 18.30% to reach $106.32 million. Ethereum’s NFT sales led this resurgence, reaching $60.91 million, marking an increase of 8.55%. Bitcoin’s NFTs weren’t far behind, recording an impressive rise of 154.75% to reach $13.17 million in sales.

The top five blockchains for NFT sales were rounded off by Solana and Mythos with sales of $8.53 million and $7.46 million respectively, and Immutable X with sales of $5.69 million.

The Bored Ape Yacht Club (BAYC) emerged as the leader among top-selling collections with a total of $10.79 million in sales. Following closely were The Captainz and Dmarket with sales of $8.54 million and $7.39 million respectively.

There was also significant growth seen in Gods Unchained and Bitcoin’s BRC20 NFTs which reached $5.42 million and $7.3 million respectively.

Alongside this surge in sales, there was a notable increase in the number of NFT buyers and sellers, climbing by 17.77% and 15.82% respectively.

Among the notable transactions over the week were BAYC #6022 ($303K), a BRC20 NFT ($56K), “Tigris Position #10505,” ($39K), Emurgo ($32K), and Solana’s “Mad Lads #5364” ($31K).

Maintaining this upward trend is considered crucial for offsetting the recent slump in the market.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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