SuperRare Sign Up Fewer Buyers, But They Buy More Expensive NFTs, Data Shows

SuperRare Sign Up Fewer Buyers, But They Buy More Expensive NFTs, Data Shows

The non-fungible token market (NFT) SuperRare has set a new monthly record of $ 31.4 million in total sales volume with one week left until the end of October., according to Dune Analytics.

SuperRare is a single-issue Ethereum NFT marketplace in which collectors can purchase a blockchain-owned share for digital items such as memes, videos, or artwork.

The monthly sales record was $ 29.5 million in March, with 929 active collectors who purchased 3,179 works of art. The median price of the artworks ranged from 3.0 to 5.5 Ether (ETH), or $ 12,600 to $ 23,000.

Despite having achieved a higher total sales volume this month, SuperRare has half as many active collectors shopping the market this month compared to March.

This month, there have been 372 active collectors, who have purchased 726 items ranging in value from 9.5 to 12.2 ETH, or about $ 40,000-51,000.

In summary, fewer collectors buy fewer SuperRare parts. However, those who do tend to spend more money on high-value items.

For example, Starry Night Capital, a $ 100 million NFT collection fund, alone accounted for nearly half of SuperRare’s total trading volume in October. Over the weekend, he bought “Dankrupt” from artist Xcopy on SuperRare for 469 ETH, or $ 1.9 million.

Snoop Dogg also bought a piece of Xcopy in late September for a record 1,300 ETH, or $ 3.9 million.

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