NFT Weekly Sales Volume Soars to $84.9 Million as Polygon and Mythos Chain Shine
NFT sales volumes have reached their highest point since August, following weeks of declining sales due to a general market decline. CryptoSlam!, an NFT market tracker, reports that sales for the week ending September 30, 2010, reached a high of more than $84.9 million. Since the week ending August 25, when NFT sales volumes exceeded $93 million, this is the biggest weekly sales volume.
According to CryptoSlam!, the weekly sales volume of NFTs reached a high point of almost $2.2 billion between August 23 and August 29, 2021! Three of the top five blockchains for NFTs—Bitcoin, Ether, and Solana—saw decreased trade volumes at the same time as they did the week before. With over $15 million in sales and a massive rise to second place overall behind Ethereum, Mythos Chain topped the field regarding gains. With a 210% increase in weekly sales volume, Polygon was likewise doing well.
NFT Sales Hit $303 Million in September, Buyers Surge Amid Market Recovery
In addition to the weekly volume increase overall, there have been more NFT purchasers. According to CryptoSlam! data, over 839,000 NFT customers have purchased NFTs in the last seven days, an increase of roughly 22% from the week before. With nearly two million transactions reported overall—a 71% rise from the previous week—there was also a noticeable increase in transactions. However, the NFT market is still having trouble recovering from its prior highs.
Based on information from CryptoSlam!, NFTs sold $303 million in September, compared to $373 million in August. With $1.6 billion in sales volume, March was the market’s best month thus far in 2024.
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