The amount of transactions on the NFT market exceeded $500 million in a week

The editors of analyzed the situation on the crypto market. During the week from December 11 to December 17, 2023, non-fungible tokens (NFTs) were traded in excess of $500 million. This figure reached $541.73 million as of 19:50 Moscow time. According to Cryptoslam, the number of unique buyers was 398.45 thousand.

The last time sales in the non-fungible token market exceeded $500 million in a week was between May 9 and May 15, 2022, before the collapse of the Terra cryptocurrency (LUNA) and the algorithmic stablecoin TerraUSD (UST).. Then transactions on the market reached $680.56 million.

The most expensive item in the NFT world is the Fidenza token #985. Its new owner paid $277.41 thousand. Market leadership was tightly captured by tokens of the BRC-20 standard based on the Bitcoin blockchain. SATS BRC-20 NFTs were sold for a total of $42.28 million, which exceeded the previous week's figures by 107.3%.

RATS BTC-20 NFTs took 2nd position. The amount of transactions with items from this collection increased by 585.1% to $35.12 million. The top three also included MICE BRC-20 NFTs with $28.28 million. This is 591.6% higher than 7 days ago.

Note that the MATR1X KUKU collection was in 9th position with $9.2 million in transactions. Tensorians based on Solana took 11th place with $7.77 million. The legendary collection of digital items based on Ethereum Bored Ape Yacht Club took only 22nd place with $4.06 million. Trading volumes in this market fell by almost 33% during the reporting period week.

Mutant Ape Yacht Club was in 33rd position on the list. The amount of transactions with virtual items in this digital collection was $3 million, which was 17.2% lower than last week.

The popular Cryptopunks are only in 40th place. Market participants carried out only 17 transactions with these tokens for a total amount of $2.34 million. Fans of the Sorare platform made purchases for $2.21 million during the specified time period.