Fresh wallets push NFT volumes up despite fewer trades

NFT sales climbed 24.57 % to 47.14 million dollars in the week ending 17 October, driven by a sharp rise in new buyer and seller wallets. Buyer addresses jumped 252 % to 107 061, while seller addresses rose 192 % to 89 117, even as total transactions fell 32 %.

The mismatch points to an influx of smaller participants entering the market. Ethereum remained the top chain with 19.59 million dollars, accounting for roughly 41.6 % of global volume.

Bitcoin network sales surged 132 % to 8.25 million dollars, almost entirely thanks to a single 2.97 million dollar trade of the 8888 BRC-20 token. Courtyard on Polygon led individual collections with 7.68 million dollars.

Separately, CryptoSlam recorded 18.72 million dollars in wash trading on Polygon, 4.80 million on Base and 1.61 million on Ethereum — figures excluded from the official sales totals.

Based on information from cryptonews.net