NFT sales in terms of weekly Ether (ETH) volume have been on a consistent rise, as reported by the blockchain analytics platform Nansen. According to Nansen’s findings, during the week ending on October 9th, NFT sales amounted to 29,704 ETH, which equates to approximately $56 million at current ETH market prices. This weekly sales volume continued to grow, eventually reaching 68,342 ETH, valued at over $129 million.
The NFT marketplace Blur dominated NFT trading over the past 30 days, amassing a trading volume of 161,433 ETH, equivalent to roughly $305 million, according to data from NFTGo. OpenSea, a key competitor, secured the second position with a trading volume of 52,307 ETH, amounting to about $100 million.
When it comes to NFT collections, the Bored Ape Yacht Club (BAYC) led in trading volume over the last 30 days, with 35,226 ETH or approximately $66.7 million. Following BAYC, the Mutant Ape Yacht Club (MAYC) had a volume of 14,947 ETH, and The Captainz recorded 9,948 ETH in trading volume.
CryptoPunks retained its position as the top NFT collection by market capitalization, although it only managed a trading volume of 5,773 ETH in the past 30 days.
In addition, data from NFTGo indicated a 12% increase in the number of NFT traders within the last seven days. There were 22,804 buyer addresses and 27,308 seller addresses during this period, while the total number of NFT-holding wallets remained at around six million.
It is worth noting that this surge in NFT trading volume occurred amid what seemed to be bearish news for the NFT market. On November 3rd, NFT marketplace OpenSea announced staff layoffs as it prepared to launch its second version.