Following a dip in October, the week from Sunday, October 29, to Saturday, November 5, 2023, brought a noteworthy rebound in NFT sales, surging by 18.30% to a total of $106.32 million. Ethereum played a leading role in this resurgence, with NFT sales reaching $60.91 million, reflecting an increase of 8.55%. Notably, Bitcoin’s NFTs were close behind, marking a remarkable rise of 154.75%, achieving $13.17 million in sales.
The top five blockchains for NFT sales featured Solana and Mythos with sales of $8.53 million and $7.46 million, respectively, and Immutable X with sales totaling $5.69 million.
The Bored Ape Yacht Club (BAYC) emerged as the leader among top-selling NFT collections, accumulating a total of $10.79 million in sales. Following closely were The Captainz and Dmarket, with sales figures of $8.54 million and $7.39 million, respectively.
Significant growth was also witnessed in Gods Unchained and Bitcoin’s BRC20 NFTs, which reached $5.42 million and $7.3 million, respectively.
In addition to the surge in sales, there was a notable increase in the number of NFT buyers and sellers, with a rise of 17.77% and 15.82%, respectively.
Notable transactions during the week included BAYC #6022 ($303K), a BRC20 NFT ($56K), “Tigris Position #10505” ($39K), Emurgo ($32K), and Solana’s “Mad Lads #5364″ ($31K).
Sustaining this upward trend is considered pivotal for offsetting the recent market downturn.