Nansen: Steady Increase in NFT Weekly Sales, Despite Market Challenges
Summary:
Nansen, a blockchain analytics platform, reports a steady rise in weekly sales volume of NFTs (nonfungible tokens) in Ether (ETH). NFT marketplace Blur emerged as the top trading platform in the last 30 days while Bored Ape Yacht Club (BAYC) led in NFT collections. Overall, the number of NFT traders grew by 12% in a week, despite OpenSea cutting its staff by half as it prepares to launch its second version.
Weekly trading volumes of nonfungible tokens (NFTs) in Ether (ETH) are experiencing a consistent rise according to insights revealed by Nansen, a blockchain analytics platform. The platform featured a tweet listing the weekly NFT sales totals ending October 9th at 29,704 ETH, approximately $56 million when factoring in the present ETH market prices. This figure progressively increased each week, culminating at 68,342 ETH, valued over $129 million. Diving into the stats about individual NFT trading volumes, NFT space Blur attained the lead within the previous 30 days. Blur had processed a trade amount of 161,433 ETH, close to $305 million, according to numbers gathered by NFTGo. Their rival, OpenSea, acquired the second rank with trade volumes of 52,307 ETH valued at $100 million approximately. When considering NFT collections, Bored Ape Yacht Club (BAYC) secured the top spot with trading volumes for the past month at 35,226 ETH, roughly $66.7 million. This was followed by Mutant Ape Yacht Club (MAYC) and The Captainz at 14,947 ETH and 9,948 ETH respectively. Despite CryptoPunks maintaining the leading position regarding market capitalization, their trading volumes were at 5,773 ETH for the past thirty days. Additional information by NFTGo indicates a 12% growth in NFT traders over the preceding week with 22,804 buyer addresses and 27,308 seller addresses. Concurrently, the number of wallets possessing NFTs kept a steady presence around 6 million. This progress in NFT trading volumes comes in light of seemingly adverse news concerning the NFT market. One significant event was OpenSea, an NFT marketplace, reducing its staff by fifty percent prior to the launch of its second version on November 3rd.
Published At
11/6/2023 12:25:44 PM
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