NFT Weekly Sales Volume Surges to $84.9M Despite Market Slump

• Sales peaked at around $84.9 million weekly from September 30th to October 6th.
• NFT collection Dmarket topped all others in terms of sales, with 537,714 transactions.

Despite a general market slump, weekly sales of non-fungible tokens (NFTs) reached a high, surpassing levels not seen since August. The NFT market tracker CryptoSlam reports that sales peaked at around $84.9 million per week from September 30th to October 6th. Since the week ending August 25, when it surpassed $93 million, this is the highest weekly volume of NFT sales.

From August 23, 2021, to August 29, 2021, the highest weekly sales volume for NFTs was over $2.2 billion, as reported by CryptoSlam. Also, trading volumes for Bitcoin, Ether, and Solana—three of the top five NFT blockchains—were lower than the previous week.

Much Awaited Rebound

With sales of almost $15 million—a rise of over 6,000% in the previous seven days—Mythos Chain soared to second position, just behind Ethereum, in terms of gains.

With a 210% increase in weekly sales volume, Polygon was also doing well. Over the last week, NFT collection Dmarket topped all others in terms of sales, with 537,714 transactions totaling over $14 million.

There were more than 839,000 NFT purchasers in the past seven days, an approximately 22% spike from the previous week, according to CryptoSlam statistics. This is in addition to the increase in overall weekly volume.

More over two million transactions were registered, which is a huge increase of 71% compared to the previous week. Even now, the NFT market as a whole is fighting to recover from last year’s record highs.

Sales of NFTs dropped to $303 million in September from $373 million in August, according to data from CryptoSlam. With a total of $1.6 billion in sales, March was the best month for the market thus far in 2024.

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