NFT weekly sales rise 6% to $44.18 million as Bitcoin NFTs jump 120%

NFT sales increased over the past week as the numbers of buyers and sellers also climbed sharply. Bitcoin-based NFTs and BRC-20 collections led the gains.

Trading activity declined, but market participation and total sales expanded. Bitcoin-based collections posted particularly strong growth.

As of Oct. 20, weekly NFT sales rose 5.76% from the previous week to $44.18 million.

The number of transactions fell 7.55% to 605,565. Buyers increased 74% to 125,134, while sellers surged 104% to 111,114.

Ethereum ranked first among blockchains by weekly NFT sales, recording $16.35 million, down 13% from the previous week. It had 17,457 buyers.

Bitcoin placed second with $9.13 million in sales, up 120%, and 6,162 buyers. Polygon ranked third with $8.06 million in sales, down 6.57%, and 32,758 buyers.

BNB Chain: $3.24 million (+3.04%) | 7,740 buyers. Immutable: $2.31 million (-15%) | 3,415 buyers. Base: $2.18 million (+12%) | 1,457 buyers. Solana: $1.21 million (-1.59%) | 39,247 buyers. Blast: $570,000 (+299,428%) | 0 buyers.

Courtyard was the top-selling NFT collection of the week, generating $7.30 million, down 4.52% from the previous week.

$8888 BRC-20 NFTs ranked second with $2.97 million in sales, up 808%, followed by $?? BRC-20 NFTs with $1.88 million, up 348%.

$ATMC BRC-20 NFTs: $1.68 million (+152%). Argonauts: $1.62 million (-23%). Guild of Guardians Heroes: $1.22 million (-16%). CryptoPunks: $1.12 million (-50%). Pudgy Penguins: $1.07 million (-65%).

The week's highest-priced NFT sale was $8888 BRC-20 NFTs #857600...cf3di0, which sold for $2.97 million, or 36.38 BTC.

It was followed by $X@AI BRC-20 NFTs #2a7bcc...dc04i0 at $514,873, or 6.35 BTC; Uniswap V3 Positions NFT-V1 #291 at $217,866, or 217,866 USDC; ADA Handle #asset14farmmvsem0z2z5gwh8j88l34z70u56mn33544 at $205,083, or 883,062.66 ADA; and CryptoPunks #5191 at $141,776, or 58 ETH.

This article is based on market data and analysis and does not constitute investment advice.