In the latest statistical cycle, the NFT market has changed from a seller’s market to a buyer’s market, and the market for new projects is relatively active and liquidity is good.
This week (October 9th to October 15th), the market value of NFT market and the total number of addresses held increased compared with last week, but the increase rate slowed down from last week. The market value increased by 1.79% month-on-month, and the total number of addresses held The month-on-month increase was 1.56%, and many transaction data such as total transaction volume, active addresses and transaction volume continued to decline, but the decline was slower than last week.
According to NFTGO data, there are currently 12,845,786 NFTs in circulation in the market, an increase of 17,166 NFTs in circulation from last week, belonging to 542,428 addresses. In the past 7 days, a total of 32,207 addresses have participated in NFT transactions, a 23.98% decrease from last week.
The market has changed a lot this week, with the seller’s market continuing in the early part of the week and gradually turning into a buyer’s market in the later part of the week. In addition, the decline in the number of active addresses in the NFT market slowed down, down 18.8% month-on-month. Active addresses accounted for 17% of the total market held addresses, and market liquidity declined compared to last week.
NFT market statistics, data source: NFTGO
Market transaction data
This week, the NFT market transaction volume and total transaction volume both declined. The transaction volume fell by 23.98% month-on-month, and the total transaction volume declined by 49.64% month-on-month. The total transaction volume on October 15 hit a 30-day low. The overall trend of transaction volume and total transaction volume this week is similar, that is, changes in transaction volume are mainly driven by transaction volume, not transaction volume.
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 liquidity of NFT continues to show a downward trend this week. The most active segment of the track is the social concept of NFT, with a liquidity of 6.14%, followed by digital art, with a liquidity of 2.14%, and an IP concept. The liquidity of NFT works declined this week, ranking third with a liquidity of 2.03%.
NFT market segmentation track one week liquidity statistics, data source: NFTGO
NFT project ranking
Weekly turnover ranking
The NFT with the highest turnover in the past week was MekaVerse, with a total turnover of US$74,623,440.58 in the past seven days, accounting for approximately 36% of the total turnover of the NFT market, more than three times higher than the second place on the list, and an average transaction price of US$21,616.33. The current highest transaction price is US$440,534.62 and the lowest is US$0.35. The transaction volume and the transaction volume showed a positive change. The main change in the transaction volume came from the transaction volume, and the liquidity was relatively good at 38.95%, ranking fourth in the liquidity list.
MekaVerse began to mint and sell on October 8, and the total transaction amount on the second day of launch was about 56560179.09 US dollars, which is still the highest point of the total transaction amount so far. According to Opensea data, MekaVerse ranks first in the sales rankings in the last seven days, and its floor price has reached $12,775. According to NFTGO data, there are currently more sellers in the market, and the growth rate is higher than that of buyers.
NFT market ranking of total transactions in a week, data source: NFTGO
Weekly liquidity ranking
NFTs with good liquidity in the past week were all new projects. Well -known projects such as CryptoPunks, ArtBlocks and Bored Ape Yacht Club had liquidity below 2%. Cryptopunks had only 0.44% liquidity during the week, with only 71 transactions.
The most liquid project in the past week was Rebel Seals Club, with a seven-day market capitalization increase of 1011.34% month-on-month, and an average transaction price of US$837.27. The current highest transaction price is US$14,727.17. A total of 3130 transactions have been completed in the past seven days. The current market supply is less than demand, and the buyer is about twice as large as the seller. The latest transaction price is the highest price, and the price has an upward trend.
NFT market’s weekly liquidity ranking, data source: NFTGO
Weekly trading volume ranking
According to Nansen data, the NFT with the most transactions in the past week is still ArtBlocks. The number of transactions in the past seven days is 3030. Although about half of the number of transactions last week, it is still six times higher than the second place, accounting for about the NFT market. 9% of the total number of transactions, and this Tuesday (October 12) hit a record low in the past 30 days, only 310 transactions. At present, ArtBlocks has more sellers than buyers, presenting a buyer’s market.
NFT market’s weekly trading volume ranking, data source: Nansen
Among the NFT works with the highest turnover in the past week, CryptoPunks and ArtBlocks occupy 8 places in the top ten. The most expensive NFT is The Eternal Pump #11 (US$1,610,955.22) of the ArtBlocks series, purchased from 0xcc46eF…45F0 five days ago. There are 13 NFTs in the buyer’s wallet, 10 ArtBlocks, and two CryptoPunk.
Bored Ape Yacht Club series #5199 (US$1,586,217.01) occupies the second place, purchased from address 0x020cA6…5872 one day ago. There are 1399 NFTs in the buyer’s wallet, valued at US$6,715,574.51, and there are many types of NFTs in the account. In addition to the Bored Ape Yacht Club series, there are ENS , Stoner cats, Bulls On The Block, etc. Paradigm.guardian.orbs.eth (US$1,508,883.58) from ENS is ranked third.
NFT ranking with the highest turnover in a week in the NFT market, data source: NFTGO
Posted by:CoinYuppie，Reprinted with attribution to:https://coinyuppie.com/nft-weekly-report-total-transaction-volume-dropped-by-nearly-50-mekaverse-ranked-first-in-weekly-transaction-volume/
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