Market UpdateNFT Market Update - Week 43, 2022

by Marz
NFT Market Update - Week 43, 2022

The Bear Will Not Hibernate During This Crypto Winter!

For the 6th straight week, the NFT Market experienced a d decline in volume. With Halloween being tomorrow its only fitting that the market continues to bleed. The US Stock market however ended the week with a rally to close the week out with a two-month high. In addition, The Crypto Market had a good week as well. Both Bitcoin and Ethereum saw substantial increases to close out the week. There was some recorrecting at the close of the week, but overall good gains. All of this positive movement surely helped keep the NFT volume down.

This week we saw 62.72 Million in funds across all NFT markets this was down by (1.23%) from the prior week.

**This Market Report is Not Financial Advice, This is my Personal Opinion of the current conditions and you should Always Do Your Own Research**

This Weeks OpenSea Volume

Weekly OpenSea volume reached $48.15million. Compared to last weeks final total, this figure Decreased by 9.94%.

OpenSea NFTs Daily Volume

  • Monday - Users 18.14K | Volume 5.22M | Transactions 32.5K
  • Tuesday - Users 17.99K | Volume 6.07M | Transactions 32.3K
  • Wednesday - Users 19.04K | Volume 6.46M | Transactions 34K
  • Thursday - Users 20.41K | Volume 7.35M | Transactions 36.4K
  • Friday - Users 19.45K | Volume 8M | Transactions 34.8K
  • Saturday - Users 11.7K | Volume 2.97M | Transactions 20.45K

Courtesy of DappRadar

Market Size

We can see by the numbers that this week the unique Users Decreased by 2.57% and the trading transactions Decreased by 12.33% from last week.

Weekly Top OpenSea Projects

Courtesy of Opensea

Weekly Top Sale

The Highest Single Sale this week was,

CryptoPunk #924 for $737,160 Thousand

Weekly Top New Drops

Courtesy of DappRadar

This Weeks Notable Projects

Top Mint of The Week OpenSea Link

Top Weekly Volume Growth OpenSea Link

Top Weekly Floor Growth OpenSea Link

Top Volume This Week OpenSea Link

Courtesy of Curio Tools


The Bear will be kept awake this Crypto Winter and things always get worse before they get better. However, we have seen many positives this week that could help longer term.

Aptos NFTS, Gained hype making people thousands with an airdrop but now they are gaining attention and Sol supporters are quickly jumping ship over to their network. Will it last?

Blur Marketplace, Hit us with and airdrop and kept us with an incoming airdrop. Smart marketing which boosted them to the #2 market place within their first week of business.

Elon took control of Twitter. Sources say Binance helped Elon with a small part of the financials, With a goal to Head a Blockchain Development Team for Twitters future growth.

All of this is great for NFT’s remember as I have said in past issues, Those that continue to build will be the leaders in the space when the bull returns. Anyone can build during a Bull Market it takes true talent to deliver during the Bear market. Just think about some of the successes of the Bull could all of them do it now during these conditions. Some defiantly but most would not survive these conditions.

The Fear index has improved slightly over the prior 5 weeks. We are now in a state of Fear which is a step up from Extreme Fear. Currently I would say as the overall Market has improved a tiny bit this is not the case for NFT's as of today. I expect we may see a good week and then return back to Extreme Fear. As long as there is a state of uncertainty in the economic world, we will see these ups and downs continue for the foreseeable future.

Courtesy of

Disclaimer Always remember, that 99% of all projects will go to zero. This is why it’s so important for you to always invest wisely and do your own research. Just remember if you buy stock, you’re an investor. If you buy an NFT, you’re a customer. If you don’t know the difference you shouldn’t be buying NFT’s at all.

My reports are for informational purposes only.


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