NFT Weekly Market Update 08-14 August 2022

Weekly Data recorded:

  • Number of sales: 224,533 
  • SalesUSD: 243,361,711.47 
  • Average USD (Average price of an NFT): 1,083.86$ 
  • Active Market wallets: 85,408 
  • Primary Sales: 67,356 
  • Primary Sales USD: 9,830,824.18$ 
  • Secondary Sales: 157,177 
  • Secondary Sales USD: 233,530,887.28$ 
  • Unique Buyers: 57,917 
  • Unique Sellers: 45,064 

Total Volume and Sales:

At the start of the week, we saw that the number of sales decreases towards its lowest at 9th August. On 9th August the number of sales was 25.8K. After that, the data showed an increase, and on 13th August the number of sales increased to 34.5K towards its highest

Total Volume And Sales:
Total Volume and Sales

As for the volume, it increased to its highest on 9th August. The highest daily volume was 37.1M$. On 13th August, the volume decreased to 31.3M$ towards its lowest

Nft Weekly Market Update 08-14 August 2022

Active Market Wallets: 

The data for Active Market showed an overall increase, and the lowest data for the week was recorded on Monday, 8th August. On 8th August, the Active Market Wallets were 17K. On 12th August, the highest data was recorded, almost 20.4K. Towards the end of the week, the data showed a little decrease, but no major changes could be noticed

Active Market Wallets
Active Market Wallets

Unique Buyers and Unique Sellers: 

We saw that the data recorded for the number of unique buyers was at its lowest on Monday, 8th August. On 8th August, the data recorded was 10.7K. As the days passed, the daily data recorded for this metric kept on increasing and finally reached its highest on 14th August

Unique Buyers And Unique Sellers
Unique Buyers and Unique Sellers

On 8th August, the lowest daily data was recorded for the number of unique sellers in the market. The data on 8th August was 8.4K. After that, the data showed a pump reaching its highest daily data, 10.9K, on 11th August. After that, the data showed a decrease as it reached the end of the week

Nft Weekly Market Update 08-14 August 2022
Nft Weekly Market Update 08-14 August 2022

Primary Sales and Volume: 

For primary sales, the data fluctuated throughout the week. The lowest data recorded for Primary sales was 7.3K and it was recorded on 11th August. After that, the data showed an increase reaching the highest daily data for the week which was 10.7K, recorded on the 14th of August

Primary Sales And Volume
Primary Sales and Volume

This volume for primary sales also showed fluctuations throughout the week. The highest data was recorded on 10th August, which was almost 2.2M$. After that, the price showed a decrease, reaching its lowest data for the week of 13th August; the data recorded was 915K$

Nft Weekly Market Update 08-14 August 2022

Secondary Sales and Volume: 

We see fluctuations throughout the week in the number of secondary sales. The lowest daily data for the week was recorded on 9th August which was 17.1K. After that, the data increased, reaching its highest on 11th August which was 25.1K. As the week was coming towards its end, the data showed a decrease. 

Secondary Sales And Volume
Secondary Sales and Volume

If we talk about the volume for the secondary sales, the highest data was recorded at the start of the week on 9th August. The value for the highest data recorded was 36M$. After that, the data overall decreased as it moved towards the end of the week, reaching its lowest on 14th August. The value for the lowest data recorded was 30M$ 

Nft Weekly Market Update 08-14 August 2022

Average Price of an NFT: 

The highest average price of an NFT was recorded on 9th August. The value for the data recorded was 1.4K$. As the week passed, the data for this metric kept on decreasing and reached its lowest value for the week on the 13th of August, the data recorded was 906$

Average Price Of An Nft
Average Price of an NFT

Conclusion: 

This week was overall a better week than the previous one. We see an increase in almost every metric. However, there is a great difference between the primary sales volume of the two weeks.

This shows people have not seen a similar interest in the NFTs/projects launched this week. However, this week was better regarding the secondary market, the number of overall traders, overall sales, and their volume.

The data shows that high-value NFTs were traded/minted at the beginning of the week. Whereas, at the end of the week, there was a high volume of low-value NFs traded/minted. The number of buyers remains to be higher than the number of sellers.

Also, the number of buyers saw a greater increase than the increase in the number of sellers, which is positive for the market. Although the number of unique buyers decreased as the week ended, it still remained to be higher than the number of unique sellers.

We see that NFTs have not quite maintained their average price this week. There was a noticeable decrease in the average price as it declined throughout the week

Editorial Team
Editorial Team

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