NFT sales drop 26% to $101 million this last week of October

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

NFT sales fell 26% in the last 7 days

Data collected by CryptoSlam.ioan on-chain crypto market data aggregator and a multi-chain non-fungible token collection explorer that tracks non-fungible token collections from over 20 blockchain networks, indicates that the global non-fungible token market has suffered a steep crash this week. Over the past seven days, the global NFT market generated trading turnover of $101 million, down 26% from the previous week.

The current decline of the NFT 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 crypto users purchasing non-fungible token collections increased by 24% to 604,147. Investors are rushing to the NFT market because NFTs offer a unique way to diversify an investment portfolio with a “digital asset” class that is distinct from traditional stocks or 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. Over the past seven days, Ethereum-based NFT collections have raised a trade sales volume of more than $43 million. During this period, Ethereum NFT sales volume increased by 28% compared to the past week.

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

Base, as an easy-to-use and affordable Ethereum Layer-2 network developed by Coinbase, aimed at scalability and onboarding a billion users to web3, is the third most traded blockchain network in the NFT market this last week of October. Over the past seven days, the Base NFT collections have generated a trade sales volume of more than $10 million. During this period, Base NFT sales volume increased by 4.28% compared to the previous week.

Immutable Over the past seven days, immutable-based NFTs have amassed a trade sales volume of $6.8 million, marking a 21% increase from the previous week.

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

Best Selling NFTs This Week

1. DX Terminal NFT Collection

DX Terminal, a non-fungible token collection with a limited edition of 36,351 digital items hosted on the Base blockchain network, is the top-selling NFT collection on the NFT market this last week of October. Over the past seven days, the DX Terminal NFT collection has recorded a trade sales volume of $6 million. During this period, DX Terminal NFT sales volume is down 22% compared to the past week.

2. Bored Ape Yacht Club NFT Collection

Bored Ape Yacht Club, a globally recognized non-fungible token collection from the digital asset incubation studio with a limited edition of 10,000 ape profile photos hosted on the Ethereum blockchain network, is the second best-selling non-fungible token collection on the global NFT market this last week of October. Over the past seven days, the Bored Ape Yacht Club NFT collection has amassed a trade sales volume of $5.7 million.

Source: cryptoslam.io

3. DMarket NFT collection

DMarket, a non-fungible token collection on the Mythos Chain that represents in-game virtual items from popular online games such as Counter-Strike, Rust and Dota 2, is the third best-selling NFT collection on the global NFT market this last week of October. Over the past seven days, the DMarket NFT collection has amassed a trade sales volume of $5.7 million. During this time, DMarket NFT trading volume is down 37% compared to the past week.

4. Pudgy Penguins NFT Collection

Pudgy Penguins, a globally recognized non-fungible token collection from digital asset firm Igloo, with a fixed set of 8,888 penguin NFTs hosted on the Ethereum blockchain network, is the fourth best-selling NFT collection of this last week of October. Over the past seven days, the Pudgy Penguins NFT Collection has generated $5 million in trade sales volume, marking a 36% increase from the previous week.

5. CryptoPunks NFT Collection

CryptoPunks, a globally recognized non-fungible token collection with a limited edition of 10,000 pixelated digital assets previously created by digital asset incubation studio Larva Labs but now managed by Infinite Node Foundation, is the fifth best-selling NFT collection on the global NFT market this last week of October. Over the past seven days, the CryptoPunks NFT collection has generated $4.4 million in trade sales volume, representing a 114% increase 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 and mobile fantasy role-playing game that allows players to play as heroes and move through dungeons to collect redeemable resources, is the sixth best-selling NFT collection on the NFT market this last week of October. Over the past seven days, the Guild of Guardians NFT Collection has generated $4 million in trade sales volume, marking a 22% increase from the previous week.

Source: Cryptoslam.io

7. Warplets NFT Collection

Warplets, a series of unique, dynamically generated non-fungible tokens collections that transform a user’s Farcaster profile information, such as their PFP and FID, into a vibrant, meme-inspired digital character, is the seventh best-selling NFT collection on the global NFT market this last week of October. Over the past seven days, the Warplets NFT collection has recorded a trade sales volume of $2.3 million.

8. $?? BRC-20 NFT Collection

$??, a non-fungible token collection created on Bitcoin, a peer-to-peer blockchain network, using the BRC-20 protocol, is the eighth most sold non-fungible token collection on the global NFT market this last week of October. Over the past seven days, the $?? The BRC-20 NFT series has generated a trade sales volume of over $1.9 million. During this period the $?? BRC-20 NFT trading volume is down 32% over the past week.

9. Courtyard NFT Collection

Courtyard, a non-fungible token collection containing generative unique digital items living on the Polygon blockchain network, is the ninth most-selling non-fungible token collection on the NFT market this last week of October. Over the past seven days, the Courtyard NFT collection has generated $1.9 million in trade sales volume. During this period, Courtyard NFT trading sales are down 21% compared to the past week.

10. Pangolin V3 Position NFT Collection

Pangolin V3 Position, a non-fungible token collection that represents the unique positions of liquidity providers within the Pangolin V3 decentralized exchange protocol (DEX), is the tenth best-selling non-fungible token collection this last week of October. Over the past seven days, the Pangolin V3 Position NFT collection has registered a trade sales volume of $1.8 million. During this period, Position V3 Position NFT sales volume increased 137% from the previous week.

Top NFT sales made in the last week of October

The Gondi User Vault #790 NFT collection is the top sale of last week, October, selling for $1 million a day ago. CryptoPunk’s #8350 NFT collection is the second highest NFT sale of the past week of October, selling for $207,922 just a few hours ago. Pangolin V3 Position is also the top NFT created last week, October, and sold for $162,000 four hours ago. NFT experts suggest that the NFT market is expected to ‘explode’ in the fourth quarter of 2025, but not in the same way as during the speculative boom of 2021.

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