SuperRare has fewer buyers, but they buy more expensive NFTs, data shows

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The NFT SuperRare market set a new monthly record of $ 31.4 million for total sales volume with one week to lose until the end of October, according to Dune analysis.

SuperRare is a unique edition NFT Ethereum (ETH) marketplace, where collectors can purchase a blockchain deed of ownership for digital items such as memes, videos, or artwork.

The monthly sales record was previously $ 29.5 million in March, with 929 active collectors purchasing 3,179 works of art. The average price of artwork ranged from 3.0 to 5.5 Ether, or about $ 12,600 to $ 23,000.

Although it achieved a higher total sales volume this month, SuperRare has half as many active collectors buying in the market this month than in March.

This month, there have been 372 active collectors, purchasing 726 items valued between 9.5 and 12.2 Ether, or roughly $ 40,000 to $ 51,000.

In short, fewer collectors buy fewer coins from SuperRare. However, those who do tend to spend more money on big ticket items.

Read more: Buyers pay $ 7 million for a never-before-seen NFT collection

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

Snoop Dogg also bought an XCOPY coin in late September for a record 1,300 ETH, or $ 3.9 million.


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