NFT Sales Climb 66.58% to $76.56M as Bitcoin Takes the Lead

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9 hours agoSource: crypto.news
NFT Sales Climb 66.58% to $76.56M as Bitcoin Takes the Lead

NFT sales climbed 66.58% to $76.56 million over the seven days to Oct. 24, as Bitcoin led blockchain volume and the $X@AGI BRC-20 NFTs collection recorded more than $25 million in sales.

Summary

  • $76.56 million in weekly NFT sales marked a 66.58% increase over the preceding seven days.
  • Buyer addresses increased 46.38% to 156,715, while transactions rose 35.05% to 764,169.
  • Ethereum ranked second with $24.64 million in sales, up 32.59% over the comparison period.
  • Bitcoin sales jumped 268.06% to $31.07 million, accounting for roughly 41% of weekly volume.
  • $X@AGI led collections with $25.09 million across three transactions, three buyers and three sellers.

According to data from CryptoSlam, NFT seller addresses increased 53.09% to 135,930 during the seven-day period. Both sides of the market expanded alongside transaction activity, although the dollar value of sales grew faster than the number of transactions.

The dashboard recorded 764,169 transactions, compared with approximately 565,849 in the preceding period. Its percentage comparison implies previous seven-day sales of about $45.96 million, putting the latest increase at roughly $30.60 million.

Separately, CoinGecko listed Bitcoin near $80,549 and Ethereum around $2,364 during an Oct. 24 check. The broader cryptocurrency market capitalization stood at approximately $2.77 trillion. Those spot-market readings provide context alongside the NFT figures, which cover a rolling seven-day period.

Bitcoin leads NFT sales with $31.07 million

Bitcoin generated $31,071,305 in NFT sales, rising 268.06% over the previous seven days. Buyer addresses increased 86.79% to 8,581, while CryptoSlam separately recorded $105,237 in wash-trading volume.

CryptoSlam seven-day blockchain rankings showing Bitcoin NFT sales up 268.06% to $31.07 million, followed by Ethereum and Polygon.
Bitcoin leads weekly NFT sales with $31.07 million, ahead of Ethereum’s $24.64 million | Source: CryptoSlam

The network accounted for approximately 40.6% of global NFT sales. Its lead over Ethereum reached about $6.43 million, with the two chains together representing nearly 73% of the weekly total.

Ethereum followed with $24,641,611, up 32.59%. Its buyer count increased 67.63% to 25,749, while separately tracked wash trading fell 77.71% to $365,532.

Bitcoin’s first-place finish followed its third-place blockchain ranking in the Oct. 17 roundup, when Ethereum led sales. That earlier snapshot recorded Bitcoin volume of $8.25 million.

Polygon ranked third in the latest dashboard with $8,532,290, an increase of 2.82%. Buyer addresses rose 42.15% to 38,971. Its separately reported wash volume reached $19,395,535, exceeding the network’s sales figure.

BNB Chain placed fourth with $3,352,625, down 18.96%, even as buyer addresses increased 144.37% to 11,869. Wash trading totaled approximately $50.

Immutable took fifth place with $2,298,908, a decline of 16.67%. Buyer addresses climbed 49.03% to 4,134.

Arbitrum ranked sixth with $2,001,820, up 1,109.53%, while buyers increased 56.56% to 1,719. Base followed at $1,948,859, up 30.19%, ahead of Solana’s $1,399,301, which rose 43.17%.

$X@AGI tops weekly NFT collection sales with $25.09 million

Bitcoin’s $X@AGI BRC-20 NFTs led the collection rankings with $25,091,343. CryptoSlam recorded three transactions involving three buyer addresses and three seller addresses.

CryptoSlam weekly collection rankings showing $X@AGI first with $25.09 million, followed by Courtyard and Ethereum’s Slipstream V3 Deposit.
$X@AGI tops weekly NFT collection sales with $25.09 million across three transactions | Source: CryptoSlam

The collection represented approximately 32.8% of global NFT sales and 80.8% of Bitcoin’s weekly volume. Its sales exceeded the combined total of the next three collections in the rankings.

Courtyard ranked second with $7,772,464 on Polygon, up 2.83%. The collection recorded 141,478 transactions, an 8.44% increase. Buyer addresses fell 3.35% to 18,816, while sellers declined 4.36% to 15,154.

Courtyard’s transaction count was substantially higher than those of the other leading collections. It accounted for roughly 18.5% of all NFT transactions recorded globally during the period.

Ethereum’s Slipstream V3 Deposit placed third with $7,575,732 across 926 transactions. Activity involved 22 buyers and 24 sellers.

Bored Ape Yacht Club followed in fourth with $3,558,183, rising 192.02%. CryptoSlam listed 94 transactions, 43 buyers and 42 sellers. Buyer addresses declined 10.42%, while sellers fell 20.75%.

A separate Slipstream V3 Deposit collection on Arbitrum ranked fifth with $1,891,201. It recorded 1,199 transactions involving 10 buyers and 10 sellers.

Another Bitcoin BRC-20 collection, displayed with an unreadable ticker, placed sixth at $1,865,924, up 131.03%. Its transactions increased 85.92% to 4,384, while buyers rose 22.89% to 2,276.

CryptoPunks ranked seventh with $1,638,493, up 22.55%, across 13 transactions. Buyer addresses fell 15.38% to 11, while seller addresses declined 7.14% to 13.

Credits followed with $1,468,717, an increase of 64.32%, across 22,142 transactions.

Bitcoin dominates the largest individual NFT sales

Four $X@AGI BRC-20 entries occupied the five largest individual-sale positions in CryptoSlam’s Oct. 24 listing. Bored Ape Yacht Club supplied the only Ethereum entry.

CryptoSlam top NFT sales table showing $X@AGI transactions worth $14.63 million and $9.57 million, followed by Bored Ape #9500 at $2.40 million.
$X@AGI accounts for four of the five largest NFT sales, led by a $14.63 million transaction | Source: CryptoSlam

The largest recorded transaction fetched $14.63 million, followed by another Bitcoin sale worth $9.57 million. Both were listed as occurring approximately three days before the capture.

The five highest-value sales appeared in descending order as follows:

  • $X@AGI BRC-20 NFT #de71246799c669c093b194016766ec215… sold for $14,627,594.32, settled in 175.2058 BTC on Bitcoin, approximately three days earlier.
  • $X@AGI BRC-20 NFT #ff947db26a07d99604b878785249b4714… sold for $9,570,442.82, settled in 113.0014 BTC on Bitcoin, approximately three days earlier.
  • Bored Ape Yacht Club #9500 sold for $2,404,908.50, settled in 1,000.0001 ETH on Ethereum, approximately 18 hours earlier.
  • $X@AGI BRC-20 NFT #78407b6c3a80d7316b91bb2c87986aa9ae… sold for $1,009,840.51, settled in 12.357 BTC on Bitcoin, approximately two days earlier.
  • $X@AGI BRC-20 NFT #42000f24e9eb6f4087b3a2d62e8e27ead… sold for $893,305.48, settled in 10.7184 BTC on Bitcoin, approximately three days earlier.