NFT Weekly Sales Surge to Highest Levels Since August Amid Market Recovery

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Ruholamin Haqshanas is a contributing crypto writer for CryptoNews. He is a crypto and finance journalist with over four years of experience. Ruholamin has been featured in several high-profile crypto...

Non-fungible tokens (NFTs) are witnessing a resurgence in sales, with weekly sales volumes reaching their highest levels since August.

According to data from CryptoSlam, a platform tracking the NFT market, sales from September 30 to October 6 surpassed $84.9 million, marking a notable recovery after weeks of sluggish performance.

The recent uptick represents the strongest weekly sales since the period ending on August 25, when sales volume reached over $93 million.

For context, the all-time high for weekly NFT sales occurred from August 23 to August 29, 2021, when volumes soared above $2.2 billion, as reported by CryptoSlam.

While the market recovery is encouraging, not all blockchains are benefiting equally.

Among the top five blockchains for NFTs, Bitcoin, Ethereum, and Solana saw declines in trading volumes compared to the previous week.

However, the Mythos Chain emerged as a significant gainer, recording over $15 million in sales—a staggering 6,000% increase over the past seven days, making it the second most active blockchain after Ethereum.

Polygon also recorded positive growth, with a 210% increase in its weekly sales volume.

Leading the charge in individual collections, Dmarket topped the charts, generating more than $14 million in sales through 537,714 transactions over the week.

Alongside rising sales, the number of NFT buyers also saw an uptick.

CryptoSlam data reveals that more than 839,000 buyers entered the market in the past week, reflecting a 22% increase from the prior period.

Additionally, the total number of