NFT sales hit $10.7BN in Q3 amid increased interest in crypto

Total income implicit Q3 correspond an summation of 704%, with astir income successful August and September

Sales wrong the non-fungible token (NFT) marketplace soared to highs of $10.7 cardinal during the past quarter, information from DappRadar has shown.

A study published by the NFT tracking tract indicates that Q3 of 2021 saw a 704% summation successful NFT sales, dwarfing volumes seen during the erstwhile 2 quarters.

Data shows that income reached implicit $10.7 cardinal past quarter, up from $1.3 cardinal successful the 2nd quarter. Compared to Q1, the NFT marketplace saw an summation of implicit $9 billion, with Q1 signaling figures conscionable supra $1.2 billion.

According to DappRadar, Ethereum-based offerings had the highest measurement with 78%, portion Ronin accounted for astir 20% of the volume.

On-chain and off-chain information from DappRadar shows the full measurement for 2021 stands astatine $13.2 cardinal arsenic of October. Most of the NFT measurement was registered successful August and September arsenic involvement successful cryptocurrencies surged erstwhile more.

Overall, maturation year-over-year stands astatine an unthinkable 38,060%, DappRadar said successful the report.

Axie Infinity exploded

The leap successful income saw OpenSea registry a mammoth $3.4 cardinal successful August sales, representing astir a 3rd of the measurement seen crossed the NFT marketplace. In total, OpenSea leads with $7.96 cardinal successful income this year, with Axie Infinity seeing the second-highest measurement astatine $2.35 cardinal arsenic of writing. CryptoPunks has the third-highest measurement astatine $1.43 billion.

Axie Infinity saw the astir maturation among the 'play-to-earn' NFTs, with $776 cardinal earned successful Q3, DappRadar information showed.

Most NFT income successful the $101 to $1,000 range

Data from NonFungible.com shows that astir income successful the past 4th were valued successful the $101 to $1,000 range, accounting for adjacent to 63% of full quarterly volumes.

The $1,001 to $10,000 range, connected the different hand, made up astir 20% of quarterly sales, portion those NFTs valued beneath $100 accounted for astir 17%.