NFTs just couldn’t pull through in October, sagging even more than in the slow September. It was a tough month for digital collectibles, pulling in around $361 million—a noticeable 36% slump. Ether, Bitcoin, and Solana still dominated the space, but all saw dips in sales volume. Let’s untangle the numbers behind this NFT slip.
Ethereum Still Rules, but Sales Plummet
Ethereum-based NFTs kept their top spot in October but took a hit. Totaling over $120 million, these Ether-backed assets saw a 34.11% downturn from September’s numbers. Despite Ether’s stronghold, it didn’t shield NFTs from this month’s market chill.
Bitcoin NFTs weren’t immune either, rolling in at $69.6 million—down 27.17% from September. Bitcoin-based collectibles are usually the runner-up, but the downward pull was unavoidable. Solana NFTs rounded out the top three with $66.26 million, sliding 22.94% compared to the previous month. For these blockchain giants, it wasn’t a banner month.
Mythos’ Dmarket Soars While Others Stumble
In a sea of red, some collections still managed to break through. Mythos’ Dmarket made the biggest splash, skyrocketing to $37.1 million in sales—a jaw-dropping 3,186.16% leap from last month. The Guild of Guardians collection on Immutable X held its ground at $13.17 million, marking only a 5.58% decrease, a rare gentle drop in October’s harsher landscape.
Bitcoin Puppets, on the other hand, raked in $10.58 million, jumping 66.78% up from September. Despite the general downturn, this collection’s quirky charm struck a chord with collectors. Wrapping up the top five, the Bored Ape Yacht Club (BAYC) and Cryptopunks held tight at $10.49 million and $10.18 million, respectively, proving that the classics still have staying power.
Big Ticket Sales Keep NFT Buzz Alive
Despite October’s drop, some big-ticket NFT sales still fueled market chatter. The highest sale went to an Uncategorized Ordinal, fetching a cool $4.55 million just over two weeks ago. Ethereum’s BAYC #7,940 followed, selling for $1.43 million. Over on BNB, a Locked USDT collectible pulled in $343,310, and a Polygon Mining Pass snagged $205,145.
Although sales took a hit, buyer activity told a different story. Buyer numbers climbed 26.52% in October, hinting at some underlying curiosity in NFTs.
Leave a Reply
You must be logged in to post a comment.