- Nansen reported a consistent increase in weekly Ether sales of NFTs.
- Blur recorded the highest NFT trading activity in the past month.
- Bored Ape Yacht Club recorded the highest NFT collection trading volume.
The blockchain intelligence company Nansen, has observed a consistent increase in the weekly Ether sales of NFTs. In the week concluding on October 9, Nansen announced via Twitter that NFT sales amounted to 29,704 ETH, equivalent to nearly $56 million. The subsequent weeks saw a continuous rise in buying and selling activities, culminating in a total of 68,342 ETH, or close to $129 million.
In the past month, the NFT marketplace, Blur, recorded the highest proportion of NFT trading activity. According to NFTGo, a data aggregator, Blur’s trading volume over the 30 days was 161,433 ETH, equivalent to approximately $305 million. OpenSea, a competitor in the space, ranked second with a total trading volume of 52,307 ETH, approximately $100 million.
Over the past 30 days, Bored Ape Yacht Club (BAYC) has recorded the highest trading volume among NFT collections. The cumulative trading volume of the BAYC collection amounted to 35,226 ETH, approximately $66.7 million.
Growth in NFT Traders
The Mutant Ape Yacht Club (MAYC) secured the second position with 14,947 ETH, followed by The Captainz, who garnered 9,948 ETH. Yuga Labs, the parent company of BAYC, organized its highly anticipated major in-person event, ApeFest 2023, in Hong Kong from November 3 to 5.
Regarding market value, CryptoPunks maintained its position as the top collection. However, it only recorded a 30-day trading volume of 5,773 ETH.
Furthermore, recent data from NFTGo has shown a 12% increase in NFT traders compared to the previous week. During the same timeframe, the number of buyer addresses was 22,804, while the number of selling addresses was 27,308. Concurrently, approximately six million wallets holding NFTs were still in existence.
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