NFT Sales Fall By 26% To $101M This Last Week Of October

Home / News / NFT Sales Fall By 26% To $101M This Last Week Of October

join us cable A channel to stay up to date with the latest breaking news

In the last week of October, the NFT market saw a sharp decline due to the ongoing trade wars in Mexico, the United States, and China, as well as macroeconomic pressures, with its capitalization falling from $6.2 billion to $4.7 billion. In the past seven days, NFT sales volume also fell by 26% to $101 million. The broader cryptocurrency market experienced a similar collapse at the same time.

NFT sales are down 26% in the past seven days

Data collected by CryptoSlam.ioOn-chain cryptocurrency market data aggregator and multi-chain NFT pool explorer tracking NFT pools from more than 20 blockchain networks, indicates that the global NFT market has seen a sharp collapse this week. In the past seven days, the global NFT market generated $101 million in trading sales, down 26% from the previous week.

The current decline in NFTs is seen as a shift towards a more mature market, with an emphasis on utility rather than hype. Despite the recent decline, the number of cryptocurrency users purchasing NFT token pools rose by 24% to 604,147. Investors are turning to the NFT market because NFTs offer a unique way to diversify an investment portfolio with a category of “digital assets” that differs from traditional stocks or bonds.

Ethereum, the blockchain network previously known in the NFT market as the dominant NFT chain, was the most traded blockchain network in the global NFT market during the last week of October. In the past seven days, Ethereum-based NFT collections have increased trading volume by more than $43 million. During this period, Ethereum NFT trading volume increased by 28% compared to last week.

Bitcoin, a peer-to-peer blockchain network known for supporting the non-fungible token pools Ordinals, Runes, and BRC-20, was the second most traded blockchain network in the global NFT market during the last week of October. In the past seven days, the Bitcoin-based NFT chain has raised a trading volume of $11 million. During this period, Bitcoin NFT trading sales decreased by 14% compared to the previous week.

Base, as an easy-to-use and affordable Ethereum Layer-2 network developed by Coinbase, with a focus on scalability and onboarding 1 billion users to web3, was the third most traded blockchain network on the NFT market in the last week of October. Over the past seven days, Base NFT collections have generated a trading turnover exceeding $10 million. During this period, the underlying NFT trading volume increased by 4.28% compared to the previous week.

Immutable In the past seven days, immutable NFTs have amassed a trading volume of $6.8 million, representing a 21% increase from the previous week.

Solana, a high-performance network and decentralized platform known for its fast transactions and extremely low costs, making it a popular choice for minting, trading, and managing non-fungible tokens as a more efficient alternative to Ethereum, was the fifth most traded blockchain network in the NFT market in the last week of October. Over the past seven days, Solana NFTs have recorded a trading sales volume of $6 million, which represents a 31% increase from the previous week.

Best-selling NFTs this week

1. DX Terminal NFT Collection

DX Terminal, a non-fungible token collection comprising a limited edition of 36,351 digital items hosted on the Base blockchain network, was the best-selling NFT collection on the NFT market in the last week of October. In the past seven days, the DX Terminal NFT group has recorded a trading turnover of $6 million. During this period, DX Station’s NFT sales volume decreased by 22% compared to last week.

2. Bored Ape Yacht Club NFT Collection

Bored Ape Yacht Club, a globally recognized non-fungible token set from the digital asset incubation studio that features a limited edition of 10,000 ape avatars hosted on the Ethereum blockchain, is the second best-selling non-fungible token set on the global NFT market in the last week of October. In the past seven days, the Bored Ape Yacht Club NFT collection has amassed a trading volume of $5.7 million.

Source: cryptoslam.io

3. DMarket NFT Collection

DMarket, a collection of non-fungible tokens in the Mythos series that represent virtual in-game items from popular online games such as Counter-Strike, Rust, and Dota 2, was the third best-selling NFT collection on the global NFT market in the last week of October. In the past seven days, DMarket NFT Group has amassed a trading volume of $5.7 million. During this time, DMarket’s NFT trading volume was down 37% compared to last week.

4. Pudgy Penguins NFT Collection

Pudgy Penguins, a globally recognized non-fungible token set from digital asset company Igloo, which includes a stable of 8,888 Penguin NFTs hosted on the Ethereum blockchain, is the fourth best-selling NFT set in the last week of October. In the past seven days, the Pudgy Penguins NFT collection has achieved a trading turnover of $5 million, which represents a 36% increase from the previous week.

5. CryptoPunks NFT Collection

CryptoPunks, a globally recognized non-fungible token pool comprising a limited edition of 10,000 segmented digital items previously created by digital asset incubation studio Larva Labs but now managed by the Infinite Node Foundation, was the fifth best-selling NFT pool on the global NFT market in the last week of October. Over the past seven days, the CryptoPunks NFT group has generated a trading turnover of $4.4 million, which represents a 114% increase from the previous week.

6. Guardians Guild Heroes NFT Collection

Guild of Guardians Heroes (GoG), an NFT collection from Guild of Guardians, a mobile fantasy MMORPG that allows players to role-play as heroes and move through dungeons to collect redeemable resources, was the sixth best-selling NFT collection on the NFT market in the last week of October. In the past seven days, the Guild of Guardians NFT group has achieved a trading turnover of $4 million, which represents a 22% increase from the previous week.

Source: Cryptoslam.io

7. Warplets NFT Collection

Warplets, a set of unique, dynamically generated non-fungible tokens that transform a user’s Farcaster profile information, such as PFP and FID, into a vibrant, meme-inspired digital character, was the seventh best-selling NFT set on the global NFT market in the last week of October. In the past seven days, the Warplets NFT group has recorded a trading volume of $2.3 million.

8.$?? BRC-20 NFT Collection

$??, a set of non-fungible tokens created on Bitcoin, a peer-to-peer blockchain network, using the BRC-20 protocol, is the eighth best-selling set of non-fungible tokens on the global NFT market in the last week of October. In the past seven days, $?? The BRC-20 NFT series raised trading volume by more than $1.9 million. During this period, $?? BRC-20 NFT trading volume is down 32% from last week.

9. Courtyard NFT Collection

The Courtyard Collection, a collection of non-fungible tokens featuring unique digital items that live on the Polygon blockchain, was the ninth best-selling collection of non-fungible tokens on the NFT market in the last week of October. In the past seven days, Courtyard NFT Group has raised trading volume by $1.9 million. During this time, Courtyard’s NFT trading sales were down 21% compared to last week.

10. Pangolin V3 Position NFT Collection

Pangolin V3 Position, a set of non-fungible tokens representing unique liquidity provider positions within the Pangolin V3 decentralized exchange (DEX) protocol, was the tenth best-selling non-fungible token set in the last week of October. In the past seven days, the Pangolin V3 Position NFT set has recorded a trading volume of $1.8 million. During this period, Position V3 Position NFT trading volume increased by 137% from last week.

The highest NFT sales occurred in the last week of October

The Gondi User Vault #790 NFT set is the top sale of last week, October, selling for $1 million a day ago. CryptoPunks #8350 NFT lot is the second highest NFT sale made in the last week of October, selling for $207,922 just a few hours ago. Pangolin V3 is also the top NFT made last week, October, selling for $162,000 four hours ago. NFT experts point out that the NFT market is expected to “explode” in the fourth quarter of 2025, but not in the same way as it did during the speculative boom in 2021.