The market saw over 340,000 NFT buyers as crypto rallied

  • Last week’s NFT buyers increased to 348,426, up about 41% from the previous week.
  • NFT sales also increased, surpassing $244 million last week, up 5.4%.
  • Sales volume (in US dollars) and buyers increased in parallel with the Bitcoin price reaching levels above $23,000.

Last week’s non-fungible token (NFT) data showed the market attracted 348,426 buyers, an increase of about 41% over the previous week.

According to the NFT data platform crypto slamabout 350,000 buyers, equivalent to 40.99% this week.

As of the morning of Tuesday, January 24, 2023, there were over 419,000 unique buyers year-to-date. The rise is in line with the rally across cryptocurrencies, with Bitcoin’s price above $23,000 and Ethereum above his $1,600 mark for the first time since early November 2022.

In fact, Bitcoin’s price is currently up more than 7% over the past week, as CoinGecko data shows. Over the past two weeks, the value of the flagship cryptocurrency surged 35%.

Among the top blockchains with the most buyers in the 7-day timeframe, Ethereum tops with 146,380 (up 36%), while Solana tops with over 89,800 NFT buyers, up 73% over the past week and was second. Cardano is number 3 and BNB chain is number 7, but buyer participation has surged by 74%.

NFT sales jumped 5% last week

At the same time, global NFT sales volume increased by 5.4% over the past seven days, during which more than $244 million in NFTs were traded.

As of January 24th, Solana, Cardano, Immutable X and Polygon occupy the top five spots, while Ethereum had the most revenue at around $200 million.

Among the top 10, WAX blockchain saw an 82% increase in NFT sales. Meanwhile, Solana and BNB Chain posted the biggest declines in the past week as his NFT sales on those blockchains fell by 20% and 33% respectively.

As CryptoSlam data shows (as of January 24, 2023), monthly NFT sales are $623,439,866, with a total of about 4.2 million NFT transactions year-to-date (470 in December 2022). million).

Despite a slight drop in the metric compared to the previous week, the statistics show that the NFT market has seen trading volumes and buyer participation fluctuate in line with broader crypto market dynamics.

Leave a Reply

Your email address will not be published. Required fields are marked *