Cryptocurrency market bullishness leads to sharp rise in weekly NFT sales volume...up 94% from the previous week

Strength in the Bitcoin and cryptocurrency markets has reportedly helped push weekly NFT sales to $181 million.
CryptoSlam, a digital collection data tracking service
oSlam revealed that NFTs have sold $181 million in the past seven days, up from $93 million in weekly sales the previous week.
Ethereum led all blockchains with $67 million in NFT sales this week, up 111% from the previous week.
Bitcoin recorded $60 million in NFT sales, a 115% surge from the previous week. Meanwhile, Solana, Mythos Chain, and
Chain, Immutable, Polygon, and BNB Chain recorded a combined weekly sales volume of $45.5 million.
Along with the increase in sales volume, the average value of NFT transactions has also increased significantly. The average transaction value per NFT last week was $133.08, up from $71.11 the previous week, and $87.
This week's surge in NFT sales comes as the market is recovering after overcoming a downward trend in monthly sales charts.
Total digital collection sales in October were $356 million, up 18% from $300 million in September.
This means that the digital collectibles market has broken a seven-month downward trend. Not only sales volume, but also the number of NFT transactions increased in October. The total number of NFT transactions in that month was 720.
million, an increase of 42% from the previous month.