A report published by the NFT monitoring site shows that Q3 of 2021 saw a 704% increase in NFT sales, dwarfing quantities seen during the previous 2 quarters.
Complete sales over Q3 stand for a rise of 704%, with most sales in August as well as September
Sales within the non-fungible token (NFT) market rose to highs of $10.7 billion during the last quarter, information from DappRadar has revealed.
Data shows that sales reached over $10.7 billion last quarter, up from $1.3 billion in the 2nd quarter. Contrasted to Q1, the NFT market saw a boost of over $9 billion, with Q1 recording numbers simply over $1.2 billion.
According to DappRadar, Ethereum-based offerings had the greatest volume with 78%, while Ronin represented about 20% of the quantity.
On-chain and off-chain information from DappRadar shows the complete volume for 2021 stands at $13.2 billion as of October. Once extra, most of the NFT volume was signed up in August as well as September as interest in cryptocurrencies rose.
In general, growth year-over-year stands at an extraordinary 38,060%, DappRadar stated in the record.
Axie Infinity took off
The enter sales saw OpenSea sign up a monstrous $3.4 billion in August sales, representing nearly a 3rd of the volume seen across the NFT market. In total, OpenSea leads with $7.96 billion in sales this year, with Axie Infinity seeing the second-highest volume at $2.35 billion since writing. CryptoPunks has the third-highest volume at $1.43 billion.
Axie Infinity saw the most development among the ‘play-to-earn’ NFTs, with $776 million earned in Q3, DappRadar data revealed.
Most NFT sales in the $101 to $1,000 range
Information from NonFungible.com shows that the majority of sales in the last quarter were valued in the $101 to $1,000 variety, bookkeeping for near 63% of overall quarterly volumes.
The $1,001 to $10,000 variety, on the other hand, composed regarding 20% of quarterly sales, while those NFTs valued listed below $100 accounted for concerning 17%.
The jump in sales saw OpenSea register a monstrous $3.4 billion in August sales, representing nearly a third of the volume seen throughout the NFT marketplace. In overall, OpenSea leads with $7.96 billion in sales this year, with Axie Infinity seeing the second-highest quantity at $2.35 billion as of creating. CryptoPunks has the third-highest quantity at $1.43 billion.