NFTs
New daily addresses dealing in NFTs reach new record
The number of new daily crypto addresses using non-fungible tokens (NFTs) reached a new record of 236,600 on May 11, according to data compiled by IntoTheBlock. The latest data shows that the total number of addresses using NFTs has reached a record high of 13.84 million.
Although the source does not specify which chain is responsible for most of the activity, CryptoSlam data points to Solana.
Last month, we reported that Solana NFT buyers reached a new all-time high on April 23. That day, more than 61,000 unique buyers purchased Solana NFTs.
Solana updated the record on May 8. The number of Solana NFT sellers also reached a record high that day. Data shows that more than 64,000 unique addresses sold Solana NFTs, while a record 59,200 purchased them. Interestingly, US dollar sales volume has been declining to the lowest level since November 2023, suggesting that the average price of Solana NFTs has been declining.
The number of Solana NFT buyers increased by more than 1,329% in the last week, surpassing the 150,000 mark. The number of sellers increased by more than 900% during the same period, surpassing the 100,000 mark. Solana experienced the largest weekly increase in the number of NFT traders among all networks.
Bitcoin, Polygon and Immutable also saw triple-digit gains in the number of buyers and sellers, according to CryptoSlam.
However, despite the significant increase in percentage terms, the number of traders on most networks is insignificant compared to Solana. The weekly number of NFT buyers in Bitcoin, Ethereum and Blast varies between 22 thousand and 25.2 thousand. Only Polygon comes close to Solana, with more than 91,000 unique buyers in the last seven days.
DappRadar data shows that fantasy.top on Blast remains the most popular NFT collection by number of traders despite the 36% decline.
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