NFT buyer count jumps 100% weekly, Ethereum dominates trading

NFT buyers surge 100% weekly to 236,771 participants, a doubling of the buyer count from the prior seven-day period.

NFT sellers climbed 141.83% to 295,021, while total NFT transactions fell 31.63% to 903,279. This data points to larger average transaction sizes relative to the week before.

NFT buyers surge 100% weekly

Ethereum managed to hold its place as the top blockchain by sales volume, with $8.69 million in NFT sales during the week, representing a 21.25% increase, and including wash trading, the figure was $8.75 million. Ethereum also managed to attract 5,370 buyers, representing a 30.28% increase from the previous week.

Bitcoin was the second top blockchain by sales volume, with $8.53 million in sales during the week, although this was a decline of 34.10% from the previous week. The blockchain also managed to attract buyers, increasing by 43.44%, to reach 9,210 buyers, although the sales volume declined.

The total sales volume, including wash trading, was $8.56 million. However, the most impressive performance by any blockchain during the week was by Polygon, which achieved $7.24 million in sales volume, representing a 799.21% increase, although this was largely driven by the Courtyard collection. The total sales volume, including wash trading, was $21.68 million, representing a 2,591.88% increase.

Base had 38,333 buyers, which is 12.79% more than last year, and $5.22 million in sales, which is 31.24% more than last year. The total volume of Base, including wash trades, was $10.03 million. Sales of BNB Chain fell 43.77% to $2.65 million, but the number of buyers rose 40.48% to 18,177.

Immutable had $2.61 million in sales, which was a 3.51% increase, and 4,643 buyers, which was a 53.95% increase. With 98,636 buyers, the most of any chain tracked this week, Solana made $1.92 million in sales, a 26.13% increase.

Courtyard leads collections while Bitcoin NFTs dominate individual sales

Courtyard on Polygon had the most sales in the last seven days, with $6.47 million in sales from 78,925 transactions and 10,960 buyers. The number of people who bought the collection went up by 653.26% from the last time, and the number of people who sold it went up by 218.48%.

The $X@AI BRC-20 NFTs on Bitcoin came in second, with $3.87 million in sales from only 16 transactions and 8 buyers. The collection was down 46.99% from the week before, but it was still the second-largest by total volume.

Flying Tulip PUT on Ethereum came in third with $3.77 million in sales from 253 transactions, which is 58.93% more than the last period. There were 190 sellers and 6 buyers for the collection. A Base chain address came in fourth with $3.20 million from 32,581 transactions, a 46.07% increase, with 29 buyers and 486 sellers.

Guild of Guardians Heroes on Immutable-Zk came in fifth with $1.29 million from 1,048 transactions. $?? BRC-20 NFTs on Bitcoin came in sixth place, with 1,602 transactions and 750 buyers bringing in $893,268. Gods Unchained Cards on Immutable-Zk came in seventh with $834,564 from 26,319 transactions and 665 buyers.

Bitcoin Ordinals again claim the week’s top individual sales

The highest value single NFT sale for the week was from an $X@AI BRC-20 NFT, which was sold for $3,866,496.36, or 54.2999 BTC, just about one day ago. The value of this single sale is almost all of the volume for the $X@AI BRC-20 collection for the week.

The second, third, fourth, and fifth positions are all taken by $QCLAW BRC-20 NFTs, all of which were priced at 2 BTC and all of which were sold just about one day ago. Three of these were for $142,412.35, another was for $142,029.35, and the last was for $141,840.59.

It’s not unusual for the number of NFT buyers to go up by 100.75% while sales only go up by 9.78%. There were more buyers in the market, but on average, they bought fewer NFTs than the week before. Courtyard is mostly responsible for the 799% rise in Polygon’s sales volume.

This means that the blockchain-level number is less useful for showing overall activity and more useful for showing the trading week of a single collection. The 21.25% rise in Ethereum prices with less wash trading is a better sign of buyer interest.

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