- Blur, the NFT marketplace, represented the highest share of NFT trading activity.
- Bored Ape Yacht Club (BAYC) recorded the most significant trading volume among NFT collections.
The blockchain analytics company Nansen indicates that the weekly Ether sales for NFTs have been consistently increasing. For the week concluding on October 9, Nansen reported on Twitter that NFT sales reached 29,704 ETH, approximately $56 million. Each week, more participants engaged in buying and selling, culminating in a total of 68,342 ETH, or nearly $129 million.
NFT volume over the last five weeks has shown a consistent upward trend
The lowest point occurred in the week ending October 9, with weekly NFT volume at 29,704 ETH, while the week ending November 6 saw NFT sales volume soar to 68,342 ETH.
Slowly then suddenly…?https://t.co/SOlhKZezmO pic.twitter.com/420fiRYw9e— Nansen
(@nansen_ai) November 6, 2023
Blur, the NFT marketplace, represented the highest share of NFT trading activity in the last month. According to data aggregator NFTGo, Blur’s 30-day trading volume was 161,433 ETH (approximately $305 million), while its competitor OpenSea ranked second with a total trading volume of 52,307 ETH, around $100 million.
Bored Ape Yacht Club (BAYC) recorded the highest trading volume among NFT collections in the past 30 days, with a total volume of 35,226 ETH, roughly $66.7 million.
Increase in NFT Traders
The Mutant Ape Yacht Club (MAYC) secured the second position with 14,947 ETH, followed by The Captainz in third place with 9,948 ETH. From November 3 to 5, Yuga Labs—BAYC’s parent company—hosted the eagerly awaited return of its significant in-person event, ApeFest 2023, in Hong Kong.
In terms of market valuation, CryptoPunks remained the leading collection; however, it only recorded a 30-day trading volume of 5,773 ETH.
Additionally, the latest figures from NFTGo revealed a 12% increase in NFT traders over the past week. During this time, there were 22,804 buyer addresses and 27,308 selling addresses, while approximately six million wallets contained NFTs.
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