In the latest statistical period, there were more buyers than sellers in the NFT market, but many transaction data continued to fall. The hottest NFT series this week is ArtBlocks. The Ringer#109 of this series has become the highest single product this week, and the number of transactions far exceeds other NFT series.
NFT market
Market overview
This week (October 2-October 8), the market value of the NFT market and the total number of addresses held have increased compared with last week. The market value increased by 4.65% from the previous week, and the total number of addresses held by 3.35% from the previous week, but the total number of transactions A number of transaction data such as active addresses and transaction volume continued to decline.
According to NFTGO data, there are currently a total of 12,828,620 NFTs in circulation in the market, belonging to 535,074 addresses. In the past 7 days, a total of 41,052 addresses have participated in NFT transactions, a decrease of 25% from the previous week. Among them, there are more buyers than sellers, 24,999. And 23814, the market as a whole has a tendency to hold NFTs.
In addition, the number of active addresses in the NFT market dropped significantly, down 48% month-on-month, and active addresses only accounted for 20.51% of the total market held addresses, so market liquidity is not high.
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 25% month-on-month, and total transaction volume down by 9.79% month-on-month. The overall trend of transaction volume and total transaction volume this week is similar, but between October 2nd to October 3rd and October 6th to October 7th, the total transaction volume and transaction volume have reversed changes, that is, the change in transaction volume is mainly Driven by average transaction price, not transaction volume.
The peak of this week’s trading volume and total trading volume was on October 4th. Nonfungible data shows that the main transaction volume came from the secondary market. The number of NFTs is 18,526, which is about 6.8 times that of the primary market.
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 NFT liquidity has shown a downward trend this week. Among the subdivision tracks, the IP track is the most active at 5.21%, followed by the social track and the collectible track, with 4.43% and 1.43% respectively.
NFT market segmentation track one week liquidity statistics, data source: NFTGO
NFT project ranking
Weekly trading volume ranking
According to Nansen data, the NFT with the most transactions in the past week was ArtBlocks. The number of transactions in the past seven days was 6912, far ahead of other projects, but it was down 29.79% from the previous week, accounting for about 17 of the total number of transactions in the NFT market. %, the average transaction price was US$10,921.86. Due to the large number of ArtBlocks issued, the liquidity is average. At present, ArtBlocks has more sellers than buyers, presenting a buyer’s market.
NFT market’s weekly trading volume ranking, data source: Nansen
Weekly turnover ranking
The NFT with the highest turnover in the past week was CrypToadz by GREMPLIN. The total turnover in the past seven days was US$56,283,960.23, an increase of 166.89% from the previous week, accounting for about 14% of the total turnover of the NFT market, and the average transaction price was US$14,962.52. The current highest transaction price is US$1,506,468.57, and the lowest is US$239.52.
CrypToadz by GREMPLIN was launched in early September and sold approximately $17.7 million worth of NFTs in the first week. According to NFTGO data, the transaction volume of CrypToadz on October 5 was approximately US$15,695,908.04, creating a new high since the launch of the NFT series.
NFT market ranking of total transactions in a week, data source: NFTGO
Weekly liquidity ranking
The most liquid NFT in the past week was GalacticApes, with a market capitalization increase of 74.5% in seven days, and an average transaction price of US$3,821.67. The current highest transaction price is US$68,351.08. A total of 2,371 transactions have been transacted in the past seven days. The current market supply is less than demand, presenting a seller’s market. The transaction prices within seven days are all higher than the average price.
NFT market’s weekly liquidity ranking, data source: NFTGO
NFT works
Among the NFT works with the highest turnover in the past week, CryptoPunks occupies 3 places in the top ten. The highest selling NFT single product ArtBlocks series Ringer#109 has a turnover of US$6,891,017.67. It was purchased from address 0x55Fa six days ago. There are 151 NFTs in the buyer’s wallet, and ArtBlocks accounted for more than 90% (144).
The #4220 of the CryptoPunk series has a turnover of US$1,536,775.11, occupying the second place and was purchased from the address 0x9c5083 four days ago. Ranked third is CrypToadz #1519 with a turnover of 1,506,468.57 US dollars.
NFT ranking with the highest turnover in a week in the NFT market, data source: NFTGO
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