New projects such as Doodles and HeadDao are more active in the latest statistical cycle, but the giant whale is still enamored of old projects such as CryptoPunks.
NFT market
Market overview
According to NFTGO data, this week (October 16-October 22), the market value of the NFT market and the number of total addresses held have increased compared to last week, and the market value has increased by 2.34% from the previous week. The total number of addresses held increased by 4.34% month-on-month. There are currently 1,300,905 NFTs in circulation on the market, an increase of 163,219 NFTs in circulation from last week, belonging to 566,762 addresses. A total of 37,873 addresses have participated in NFT transactions in the past 7 days, a decrease of 23.98% from the previous week, and a total of 49,301 transactions occurred. , A month-on-month decrease of 32.27%.
The early stage of this week’s market continued last week’s buyer’s market, and a seller’s market appeared during the middle of the week (18-22). At present, there are more sellers than buyers, showing a buyer’s market. In addition, active addresses in the NFT market dropped by 14.44% month-on-month, and active addresses accounted for 23% of the total market holding addresses, and market liquidity has rebounded.
NFT market statistics, data source: NFTGO
Market transaction data
This week, the NFT market transaction volume and total transaction volume both declined, with transaction volume falling by 32.27% month-on-month and total transaction volume by 29.01% month-on-month. The overall trend of transaction volume and total transaction volume this week is opposite, that is, changes in transaction volume are mainly driven by transaction prices, rather than the number of transactions.
Trend chart of the total amount of transactions in a week in the NFT market, data source: NFTGO
NFT market one week trading volume trend chart, data source: NFTGO
Subdivision of track liquidity
From the perspective of liquidity, the overall liquidity of NFT has rebounded this week. The most active NFT in the subdivision track is still the social concept NFT, with a liquidity of 4.34%, and the liquidity of IP-concept NFT works has increased compared with last week. , Ranked second this week, with a liquidity of 2.14%, and ranked third this week with a collectibles track, with a liquidity of 1.19%.
NFT market segmentation track one week liquidity statistics, data source: NFTGO
NFT project ranking
Weekly turnover ranking
The NFT with the highest turnover in the past week was Doodles. Doodles went on sale at 10:00 on October 18th, Beijing time. So far, the total turnover has reached US$35,932,470.67, accounting for approximately $35,932,470.67 in the NFT market. It is approximately higher than the second place Cryptopunks. Three million dollars. The current highest transaction price is 380,465.43 US dollars and the lowest is 308.67 US dollars. The transaction volume and transaction volume showed a positive change. The main change in the transaction volume came from the transaction volume, and since it was just listed, the average transaction price was 5,575.76 US dollars, so liquidity is good, ranking second at 71.05%. The current market presents a seller’s market.
At present, there is no giant whale in the Doodles market (the account holding Doodles worth more than one million), the address holding the most is 0x8c0d2B…5a9E, the account holding 4 Doodles, holding a total of 1607 NFTs, worth more than 6.5 million US dollars.
Doodles is a community-driven collection project with a total of 10,000 NFTs. Each NFT owner can vote on the use of Doodles community funds. One of the founders, Jordan Castro, previously led the CryptoKitties team of Dapper Labs. The total amount of NFT invested in DAO HeadDAO by NFT is 10,000. NFT holders have access to the DAO community and voting rights to DAO assets.
NFT market ranking of total transactions in a week, data source: NFTGO
Weekly liquidity ranking
The most liquid project in the past week was HeadDao, with 75% liquidity, followed by Doodles with 71%, which is nearly five times higher than the third (Neo Tokyo Part 2 Vault Cards). Both HeadDao and Doodles have been on the market for less than a week. . Rebel Seals Club, the most liquid project last week, ranked tenth this week, with a liquidity of 7.71%. Due to the huge gas fee and high price, the market value is high, and the liquidity of the established projects that have been listed for a long time is not high.
So far, the average transaction price of HeadDao is US$1,011.79. The current highest transaction price is US$8,437.06 and the lowest transaction price is US$271.27. A total of 7550 transactions have been transacted in the past seven days. The market is a seller’s market, but the gap between the two parties is gradually narrowing.
NFT market’s weekly liquidity ranking, data source: NFTGO
Weekly trading volume ranking
According to Nansen data, ArtBlocks has been in contact for three consecutive weeks and ranked first in the number of transactions. The number of transactions in the past seven days was 3,972, which was the same as last week, more than eight times higher than the second place, accounting for about 8% of the total number of transactions in the NFT market. At present, ArtBlocks has more sellers than buyers, presenting a buyer’s market.
NFT market’s weekly trading volume ranking, data source: Nansen
NFT works
Among the NFT works with the highest turnover in the past week, CryptoPunk occupies 6 of the top ten. The most expensive NFT is Bored Ape Yacht Club #8585 ($2,702,354.06 USD), purchased from 0x86292f…2B0a address three days ago. There are 4 NFTs in the buyer’s wallet, one Bored Ape Yacht Club, and one ArtBlocks , Two CryptoPunk, worth 5,112,528.92 USD in total, there is no transaction record yet. CryptoPunk#273 (US$1,586,217.01), which occupies the second place in the ranking, was also purchased by the buyer three days ago. In addition, CryptoPunk#4114 (US$607,073.42), ranked tenth in the ranking, was also purchased by the buyer 6 days ago.
CryptoPunk#4624 (US$1,017,986.11) is ranked third in the rankings. It was purchased from the address 0x71d1f0…6B3A one day ago. The buyer’s wallet contains this NFT.
NFT ranking with the highest turnover in a week in the NFT market, data source: NFTGO
Giant Whale Ranking
Among the most popular NFTs for giant whales in the past week, Art Blocks was the most popular, with 19 giant whales choosing to buy, and CryptoPunks ranked second, with 13 giant whales choosing to buy. Doodles, the NFT project with the highest turnover this week, ranked fifth, with 8 giant whales choosing to buy.
This week, the top address of the giant whale ranking list is 0x86292f…2B0a. I spent 3,729,837.10 US dollars this week to buy three NFTs, namely CryptopunkCryptoPunk#273, CryptoPunk#4114 and Bored Ape Yacht Club#8585. NFTs are all in the top ten NFT works with the highest turnover this week, of which Bored Ape Yacht Club #8585 is the NFT with the highest turnover this week.
Ranking of giant whales in NFT market, data source: NFTGO
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