Key Highlights
- SuperRare, a NFT marketplace for artwork, has hit a new monthly trading volume record.
- Nearly half of the monthly purchases are made by Starry Night Capital.
- Starry Night acquired “Dankrupt,” by artist XCOPY, for 469 ETH on SuperRare marketplace.
Ethereum NFT marketplace Ethereum NFT marketplace, SuperRare has posted its record month of total sales volume total of $31.4 million to date with nearly a week left to go in October.
The amount of NFT traded on SuperRare has surpassed the previous record of March of just over $29.5 million, according to public blockchain data curated by Dune Analytics. That includes both Primary and Secondary sales.
SuperRare has half as many buyers this month as in March, but its average sale price has risen sharply, with a rolling average of 12.1 ETH (about $50,300) from the last 1,000 sales. It’s the highest level we’ve ever seen and more than double the average ETH level from March.
This month, there have been 372 active collectors, purchasing 726 items of a value ranging between 9.5 and 12.2 ETH, or about $40,000–$51,000. This means fewer collectors are buying fewer pieces with high prices from SuperRare.
Starry Night acquired “Dankrupt,” a brand new piece by artist XCOPY, for 469 ETH ($1.9 million) on SuperRare marketplace over the weekend.
Snoop Dogg, one of the most well-known rappers in the NFT collecting space, purchased an XCOPY composition for 1300 ETH on SuperRare in late September, a record price for the platform in USD.
As a fraction of the total NFT market, SuperRare’s record-breaking month is a mere drop in the bucket compared to the peer-to-peer marketplace OpenSea, which has seen global trading volumes of more than $10.3 billion till Q3 of 2021.
