nft : NFT Weekly sales rise to $46.8 million, with large Bitcoin transactions driving growth
Cryptonews
09-12 16:26
Ai Focus
NFT Weekly sales rose to $46.78 million, Ethereum still leads the way, while Bitcoin saw a 50% increase in weekly sales driven by a few large BRC-20 NFT transactions.
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Within the seven days up to September 12th, the market sales of NFT rebounded to 46.78 million US dollars, representing a 6.8% increase from the previous statistical period. However, this growth was not accompanied by an expansion in the range of buyers. On the contrary, both the number of buyer and seller addresses saw a significant decline, while the total number of transactions increased markedly, indicating that this week's transactions were more concentrated among a few active addresses and high-value transfers.

The number of buying and selling addresses has significantly decreased, yet the number of transactions has increased instead.

CryptoSlam Data shows that this week, the number of buyer addresses NFT decreased to 41,959, a decrease of 84.67% compared to the previous week; the number of seller addresses also decreased to 43,247, a reduction of 85.13%. At the same time, the number of transactions recorded on the chain rose to 917,549, an increase of 48.75%.

This means that an increase in sales does not equate to an expansion of market participation. Looking at the address-based data, the number of wallets participating in transactions has clearly decreased, but the frequency of transfers within a single week and some high-value transactions have boosted the total sales amount.

Ethereum still ranks first, while Bitcoin has seen even faster growth.

In terms of public chain distribution, Ethereum remains the network with the highest NFT sales volume, with seven-day sales amounting to 16.83 million US dollars, but this represents a 6.36% decrease from the previous week. Bitcoin ranks second, with sales rising to 9.44 million US dollars, and a weekly increase of 50.12%.

Polygon ranked third with sales of $7.71 million, an increase of 7.73%; BNB Chain amounted to $4.02 million, with a growth of 25.99%; Base was $2.48 million, showing a decrease of 35.34%; Solana reached $2.30 million, with a growth of 32.91%. The top six networks contributed a total of approximately $42.78 million, accounting for the majority of global sales.

It is worth noting that the number of buyer addresses on several major networks has been declining. The number of Ethereum buyer addresses has decreased by 79.37%, Bitcoin by 82.79%, BNB Chain by about 90%, and Base has also decreased by 86.97%. This indicates that the increase in transaction amounts is more due to changes in the transaction structure, rather than a continuous influx of new users.

Polygon's Courtyard ranks first.

In terms of series, Courtyard on Polygon ranked first with sales of 6.67 million US dollars, an increase of 8.46% week-on-week, and a total of 104,404 transactions were completed. This item corresponds to a certificate of ownership for physical collectibles, therefore its high-frequency trading pattern is not exactly the same as that of traditional digital avatars like NFT.

On Ethereum, Argonauts ranks second with sales amounting to 4.36 million US dollars, representing a 109.04% increase from the previous week. However, the number of transactions in this series has decreased by 25.14%, and the number of buyer addresses has also reduced by 21.72%, indicating that the growth in sales is mainly due to an increase in the average transaction amount per deal.

On Bitcoin, $X@ AI BRC -20 NFTs ranks third with sales reaching 2.9 million US dollars, a week-on-week increase of 217.88%, but it was completed by only 9 transactions involving 7 buyer addresses. The largest transaction in this series was approximately 2.1 million US dollars, accounting for about 72% of its weekly turnover.

Another Bitcoin series, $X@ AGI BRC -20 NFTs, ranked fourth with sales of $1.72 million and only 3 transactions. Due to the small sample size, its weekly increase was exaggerated to 7762.30%.

Large Bitcoin transactions dominate this week's rankings.

The top five individual transactions displayed by CryptoSlam all came from Bitcoin, BRC-20. The largest transaction was for $X@AI BRC -20NFT, with a transaction price of approximately 2.096 million US dollars and a settlement amount of 262,326 BTC.

The subsequent transactions came from two series: $X@ AGI and $X@ AI. The first five transactions totaled approximately 4.61 million US dollars, which is close to half of Bitcoin's total sales this week, which was NFT. In other words, the increase in sales volume on the Bitcoin chain, NFT, is largely driven by a few high-value transactions, rather than a simultaneous resurgence in demand for collectibles as a whole.

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