NFT Sales surge 16.3% to $96.1M, led by Ethereum and Bitcoin blockchains
BRC-20 NFT sales jump 462% in a week
The current surge in the cryptocurrency market has driven an increase in sales of non-fungible tokens (NFTs).
As wrote crypto.news, over the past week, NFT sales volume, according to CryptoSlam, rose by 16.3% to $96.1 million, despite an 89% drop in the number of sellers and a 90% drop in buyers.
The Ethereum blockchain still holds the top spot with $31.19 million in sales. However, the same network continues to lead in terms of fraudulent sales, totaling over $3 million, and the number of sellers last week decreased to 21,575.
Bitcoin surpassed Solana in sales, ranking second with $26.3 million in sales. Last week, NFT sales on the Bitcoin blockchain surged by 93%.
Solana moved to third place with $12.9 million, ending the week with a drop of more than 19%. Mythos Chain sales reached $10.8 million.
CryptoPunks reign
Thanks to Bitcoin surpassing its all-time high several times this week, BRC-20 NFT sales soared by 462%, reaching $10.45 million.
The most expensive NFT sold was SuperRare #7533, valued at $198,680. Among the five most expensive NFTs, three were CryptoPunks: #7596 ($154,044), #5668 ($122,506), and #8881 ($119,622).
According to CryptoSlam, total NFT sales in October rose by 18% to $356 million. Transaction volume also surged, increasing by 42% to $7.2 million compared to $5.1 million in September, reflecting renewed interest in digital collectibles.
