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

In the last week of October, the global non-fungible token market experienced a significant decline due to ongoing trade wars and macroeconomic pressures in Mexico, the United States, and China, with market capitalization plummeting from $6.2 billion to $4.7 billion. Over the past seven days, NFT sales also fell by 26% to $101 million. The broader cryptocurrency market experienced a similar crash at the same time.

NFT sales are down 26% in the past 7 days

Data compiled by CryptoSlam.io, an on-chain crypto market data aggregator and multi-chain non-fungible token collection explorer that tracks non-fungible token collections from over 20 blockchain networks, shows that the global non-fungible token market has fallen sharply this week. Over the past seven days, global NFT market transaction sales totaled $101 million, down 26% from the previous week.

The current NFT downturn is seen as a transition to a more mature market, one focused on utility rather than hype. Despite the recent decline, the number of cryptocurrency users purchasing non-fungible token collections increased by 24% to 604,147. Investors are flocking to the NFT market because NFTs offer a unique way to diversify investment portfolios with a different class of “digital assets” than traditional stocks and bonds.

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

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

Base is a user-friendly and affordable Ethereum Layer 2 network developed by Coinbase, focused on scalability and onboarding 1 billion users to Web3, and is the third most traded blockchain network on the NFT market in the last week of October. In the past seven days, the Base NFT collection has generated over $10 million in transaction sales. During this period, Base NFT trading revenue increased by 4.28% compared to the previous week.

Immutable Over the past seven days, Immutable-based NFT transaction sales reached $6.8 million, an increase of 21% from the previous week.

Solana is a high-performance network and decentralized platform known for 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, and was the fifth most traded blockchain network in the NFT market last week in October. Over the past seven days, Solana NFT has recorded $6 million in transaction sales, an increase of 31% from the previous week.

This week’s best-selling NFTs

1.DX Terminal NFT Collection

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

2. Bored Ape Yacht Club NFT Collection

Bored Ape Yacht Club is a globally recognized non-fungible token collection brought to you by Digital Asset Incubation Studio, featuring a limited edition of 10,000 monkey profile pictures hosted on the Ethereum blockchain network, and the second best-selling non-fungible token collection on the global NFT market in the last week of October. Over the past 7 days, Bored Ape Yacht Club NFT collection has generated $5.7 million in transaction sales.

Source: cryptoslam.io

3. Dmarket NFT Collection

DMarket, a collection of non-fungible tokens on the Mythos Chain that represents in-game virtual 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 7 days, DMarket NFT Collection’s transaction sales reached $5.7 million. During this period, DMarket’s NFT trading sales decreased by 37% compared to last week.

4. Stubby Penguin NFT Collection

Pudgy Penguins is a globally recognized non-fungible token collection from digital asset company Igloo that features a fixed set of 8,888 Penguin NFTs hosted on the Ethereum blockchain network and was the fourth best-selling NFT collection in the last week of October. Over the past seven days, the Pudgy Penguins NFT collection has generated $5 million in transaction sales, an increase of 36% from the previous week.

5.CryptoPunks NFT Collection

CryptoPunks is a globally recognized non-fungible token collection featuring a limited edition of 10,000 pixelated digital items previously created by digital asset incubation studio Larva Labs and currently managed by Infinite Node Foundation, and is the fifth best-selling NFT collection on the global NFT market in the last week of October. Over the past seven days, the CryptoPunks NFT collection has generated $4.4 million in transaction sales, an increase of 114% from the previous week.

6. Guild of Guardians Heroes NFT Collection

Guild of Guardians Heroes (GoG), a non-fungible token collection of Guild of Guardians, an on-chain multiplayer, action, mobile fantasy role-playing game where players can role-play as heroes and travel through dungeons to collect redeemable resources, is the sixth best-selling NFT collection on the NFT market in the last week of October. Over the past seven days, the Guild of Guardians NFT collection has generated $4 million in transaction sales, an increase of 22% from the previous week.

Source: Cryptoslam.io

7. Warplet NFT Collection

Warplets, a unique, dynamically generated, non-fungible set of token collections that transform users’ Farcaster profile information such as PFP and FID into vibrant, meme-inspired digital characters, is the seventh best-selling NFT collection on the global NFT market in the last week of October. In the past seven days, the Warplets NFT collection has recorded $2.3 million in transaction sales.

8. Dollars?? BRC-20 NFT Collection

$??, a non-fungible token collection created on top of Bitcoin, a peer-to-peer blockchain network using the BRC-20 protocol, is the 8th best-selling non-fungible token collection on the global NFT market in the last week of October. In the past 7 days, the $?? BRC-20 NFT series has raised over $1.9 million in transaction sales. During this period, $?? BRC-20 NFT transaction sales decreased by 32% from last week.

9. Courtyard NFT Collection

Courtyard, a non-fungible token collection featuring generative and unique digital items residing on the Polygon blockchain network, is the ninth best-selling non-fungible token collection on the NFT market in the last week of October. In the past seven days, Courtyard NFT Collection has generated $1.9 million in transaction sales. During this time, Courtyard’s NFT trading sales decreased by 21% compared to last week.

10. Pangolin V3 Position NFT Collection

Pangolin V3 Pangolin V3 Positions, a non-fungible token collection representing the positions of a unique liquidity provider within the decentralized exchange (DEX) protocol, is the 10th best-selling non-fungible token collection in the last week of October. In the past 7 days, Pangolin V3 Positions NFT Collection has recorded transaction sales of $1.8 million. During this period, Position V3 Position NFT trading sales surged 137% from last week.

Top NFT sales in the last week of October

The Gondi User Vault #790 NFT collection was the biggest sale of October last week, selling for $1 million just one day ago. The CryptoPunks #8350 NFT collection was the second-highest NFT sale in the last week of October, selling for $207,922 just a few hours ago. Pangolin V3 Position was also the top NFT created in October last week, selling for $162,000 four hours ago. NFT experts suggest that while the NFT market will not be the same as it was during the speculative boom of 2021, it is expected to “explode” in the fourth quarter of 2025.

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