NFT Sales Surge 24.57% to $47.14M Amid Bitcoin Volume Boom

Over the past week, NFT transactions surged by 24.57%, totaling $47.14 million, with Ethereum maintaining its dominance in the blockchain space. A significant Bitcoin transaction of $2.97 million led individual sales.

As reported by CryptoSlam on October 17, NFT sales were recorded at $47,138,650 over the past week, accompanied by a striking 192.38% increase in seller addresses to 89,117.

Interestingly, the overall transaction count experienced a drop to 507,562, despite the rise in sales and participant addresses. It’s important to note that the buyer and seller counts reflect wallet addresses, which do not necessarily correspond to individual users.

Based on the observed growth rate, the sales figure from the prior week was approximately $37.84 million. The latest reported total indicates an increase of around $9.30 million, calculated by dividing the current sales assortment by 1.2457 and deducting the outcome from the total sales.

This ongoing comparison varies from the snapshot released a week prior, where crypto.news highlighted weekly sales of $39.85m. The report dated October 10 showed 778,055 transactions along with 30,332 buyer addresses at that cutoff date.

In related updates, CoinGecko listed Bitcoin near $81,523 and Ethereum around $2,429 on October 17. The global cryptocurrency market cap was approximately $2.84 trillion, reflecting a 0.87% decline in the past 24 hours, though these figures derive from different time frames than the seven-day NFT totals.

Ethereum leads with $19.59 million in NFT sales

According to CryptoSlam, Ethereum ranked first with $19,590,513 in NFT sales, representing an 18.48% growth from the previous week. The number of buyer addresses surged by 261.50% to 15,371, while the tracker noted $1.61 million attributed to wash trading.

Ethereum constituted approximately 41.6% of total global sales, calculated from the provided data. Its sales outmatched the combined total of $16.63 million from Polygon and Bitcoin, which secured second and third places, respectively.

Polygon achieved $8,377,559 in sales, a slight decrease of 1.99%, while its number of unique buyer addresses increased by 172.77% to 27,419. CryptoSlam reported another $18.72 million attributed to wash trading, which is separate from the sales total used for rankings.

Bitcoin generated $8,252,706 in sales, an increase of 132.05%, and had 4,594 buyer addresses, a rise of 269.59%. The wash trading volume tracked separately was $86,406, with the significant $2,968,838 sale from the $8888 BRC-20 category constituting about 36% of Bitcoin’s sales for the week.

BNB Chain took fourth place with $4,100,527, a notable increase of 116.91%, and experienced a 251.70% rise in buyer addresses to 4,857. Immutable followed in fifth place with $2,546,683, down 5.19%, despite a 237.06% increase in buyer addresses to 2,774.

Base rounded out the top six with $1,883,050, experiencing a 7.33% decline and an increase of 276.19% in buyer addresses to 1,185. CryptoSlam flagged $4.80 million in wash trading for Base. Collectively, these six networks generated around $44.75 million, which amounts to approximately 94.9% of global sales.

Courtyard leads NFT collections for the week

According to CryptoSlam, Polygon-based Courtyard topped the collection rankings with $7,682,847, reflecting a 1.65% increase across 133,157 transactions. Its number of buyer addresses decreased by 13.99% to 18,131, while seller addresses fell by 3.88% to 15,380.

Following Courtyard, the $8888 BRC-20 NFTs recorded $2,968,838, a massive increase of 807.52%. This category had just one transaction, with a single buyer and seller address, making the sale its entire weekly volume.

Ethereum’s Argonauts secured third place with $2,750,332, reflecting a 104.70% increase from 994 transactions. The tracker noted 339 buyer addresses and 379 seller addresses, which rose by 26.97% and 30.69%, respectively.

Pudgy Penguins ranked fourth with sales of $2,564,945, up 77.03%, from 407 transactions. Its buyer number rose 51.75% to 173. In another report, American collector Adam Weitsman revealed his recent purchase of 117 Pudgy Penguins over the Oct. 10–11 weekend, which is separate from the data tracked by CryptoSlam.

Bitcoin’s $ATMC BRC-20 NFT category ranked fifth, totaling $1,426,998, up 156.87%, from 1,320 transactions and 667 buyer addresses. Following that, the Guild of Guardians Heroes on Immutable-Zk achieved $1,411,807, a 4.92% increase, with 990 transactions and 531 buyers.

For the Guild of Guardians Heroes, the tracker recorded 536 seller addresses, down 19.64%, while buyer addresses also dropped by 20.75% in the comparison window.

CryptoPunks secured the seventh position with $1,336,908, representing a drop of 45.49%. This collection had 15 transactions involving 13 buyer addresses and 14 seller addresses, according to the corresponding data.

Bitcoin excels in high-value NFT transactions

In a detailed sales ranking by CryptoSlam, three Bitcoin transactions outperformed leading entries from Ethereum and Cardano. The highest sale, an $8,888 BRC-20 inscription marked by the prefix 85760015743bc7e, fetched $2,968,838.11, equating to 36.3755 BTC, which occurred about two days prior to this update.

Following closely were two $X@AI BRC-20 transactions. The one beginning with the prefix 535f94fd4a2350c52 sold for $638,447.76, or 7.6924 BTC, roughly six days earlier. The second, marked by the prefix 2a7bcc4bb16d4bcc, sold for $514,872.50, or 6.3536 BTC, about two days before the report.

Uniswap V3 Positions NFT-V1 #291 occupied the fourth position with a sale worth $217,865.77, processed in 217,865.7656 USDC on Ethereum, approximately 16 hours before the snapshot.

Lastly, ADA Handle, identified by asset prefix asset14farmmvsem0z2z5gwh8j88l34z70u56mn, ranked fifth with a sale of $205,082.85, translating to 883,062.656 ADA on Cardano, occurring around four days before the report captured the data.