CryptoSlam reported that NFT sales rose 66.58% to $76.56 million in the seven days ending Oct. 24. Bitcoin led the blockchain rankings, but one collection accounted for much of its total. Inconsistencies in the collection and transaction figures also make the headline surge worth treating with caution.
- Total sales: $76.56 million, up 66.58% week over week.
- Leading blockchain: Bitcoin, with $31.07 million.
- Leading collection: $X@AGI BRC-20, reported at $25.09 million.
- Key caveat: CryptoSlam’s transaction and individual-sale listings do not reconcile cleanly.
CryptoSlam also recorded 156, 715 buyer addresses, up 46.38%; 135, 930 seller addresses, up 53.09%; and 764, 169 transactions, up 35.05%. These are counts of blockchain addresses and transactions, not verified people. One person may control several addresses, so an address count cannot show how many individuals took part.
Sales value grew faster than transaction count. The reported 66.58% increase implies a total of about $45.96 million in the preceding seven days, a rise of roughly $30.60 million. That is a sharp weekly jump, but it does not prove demand is recovering broadly or sustainably.
Bitcoin Takes the Lead, With One Collection Dominating
Bitcoin recorded $31, 071, 305 in sales, up 268.06% from the previous seven days. That was about 40.6% of the reported global total and roughly $6.43 million more than Ethereum. In the Oct. 17 roundup cited in the earlier comparison, Bitcoin ranked third, with $8.25 million in volume.
Ethereum came second at $24, 641, 611, up 32.59%. Bitcoin and Ethereum together accounted for nearly 73% of reported sales that week.
Bitcoin’s total was heavily concentrated. CryptoSlam listed the $X@AGI BRC-20 collection at $25, 091, 343, about 32.8% of all reported sales and 80.8% of Bitcoin’s total. The listing showed three transactions, three buyer addresses and three seller addresses. It does not explain how a collection total that large corresponds to just three recorded transactions.
Other CryptoSlam listings raise another question: four $X@AGI entries appear among the five largest individual sales, and their listed values total about $26.10 million, more than the collection’s reported $25.09 million. Those entries also conflict with the collection’s three-transaction count. Until the figures are reconciled, the individual-sale listings cannot confirm the collection total.
The BRC-20 label also needs context. BRC-20 generally refers to an experimental fungible-token standard associated with Bitcoin. CryptoSlam included these entries in its NFT sales and collection rankings, but the label alone does not tell us what the traded assets represent, what rights they carry or how they compare with conventional collectible NFTs. Bitcoin’s wider ecosystem is also exploring other approaches to programmability, including protocols that unify Bitcoin’s ecosystem.
Wash-Trading Figures Complicate the Rankings
CryptoSlam separately reported $19, 395, 535 in wash-trading volume for Polygon, compared with $8, 532, 290 in sales. Wash trading generally refers to trades that make activity look higher without a genuine change in beneficial ownership. That is a general definition, not proof that every transaction in CryptoSlam’s figure fits it.
The available figures do not explain how CryptoSlam detects wash trading, why Polygon’s reported wash volume exceeds its sales figure, or whether suspected wash trading is excluded from headline sales totals. Treat the wash-trading figure as a classification on CryptoSlam’s dashboard, not as an independently verified measure or a direct adjustment to Polygon’s sales.
Polygon ranked third in sales, up 2.82%. Other notable figures in CryptoSlam’s rankings included:
- BNB Chain: $3, 352, 625 in sales, down 18.96%, even as buyer addresses rose 144.37% to 11, 869.
- Immutable: $2, 298, 908, down 16.67%.
- Arbitrum: $2, 001, 820, up 1, 109.53%.
- Base: $1, 948, 859, up 30.19%.
- Solana: $1, 399, 301, up 43.17%.
BNB Chain offers a useful counterpoint to the week’s headline growth: buyer addresses increased, but reported sales fell. Ethereum recorded 25, 749 buyer addresses, up 67.63%, while Polygon recorded 38, 971, up 42.15%. These figures show activity in the tracked data, not necessarily an increase in unique users.
A Small Number of Collections Drove Much of the Volume
Polygon’s Courtyard ranked second among collections, with $7, 772, 464 in sales, up 2.83%. Its 141, 478 transactions made up roughly 18.5% of all transactions in CryptoSlam’s global tally. Yet its buyer addresses fell 3.35% to 18, 816, and seller addresses declined 4.36% to 15, 154. Transaction and address counts do not always move together.
Slipstream V3 Deposit on Ethereum ranked third, with $7, 575, 732 across 926 transactions involving 22 buyers and 24 sellers. A separately listed Slipstream V3 Deposit collection on Arbitrum ranked fifth, at $1, 891, 201 across 1, 199 transactions and 10 buyer and 10 seller addresses. The matching name does not prove the entries represent the same assets, and the name alone does not explain what kind of assets they are.
Bored Ape Yacht Club ranked fourth at $3, 558, 183, up 192.02%, even as buyer addresses fell 10.42% and seller addresses declined 20.75%. CryptoPunks recorded $1, 638, 493, up 22.55%, across 13 transactions. Credits reported $1, 468, 717 across 22, 142 transactions.
A Bitcoin BRC-20 collection with an unreadable ticker ranked sixth at $1, 865, 924, up 131.03%. CryptoSlam recorded 4, 384 transactions, up 85.92%, and 2, 276 buyer addresses, up 22.89%. The listing does not provide the collection’s full ticker.
Key Questions and Answers
-
How much were NFT sales in the seven days ending Oct. 24?
CryptoSlam reported $76.56 million, up 66.58% from the preceding seven-day period. The year for the Oct. 24 date is not specified in the figures.
-
Which blockchain led NFT sales?
Bitcoin ranked first with $31, 071, 305. Ethereum followed with $24, 641, 611.
-
Which collection topped the rankings?
CryptoSlam listed $X@AGI BRC-20 at $25, 091, 343, with three transactions. Its transaction count and listed individual-sale values do not match the collection total, leaving the precise scale of its activity unclear.
-
Do rising buyer addresses mean more unique people bought NFTs?
Not necessarily. Address counts are not verified user counts, and one person may control multiple addresses.
-
How should Polygon’s wash-trading figure be interpreted?
CryptoSlam reported $19, 395, 535 in wash-trading volume, more than Polygon’s $8, 532, 290 in sales. The available figures do not explain the methodology or whether suspected wash trading is excluded from headline sales totals.
