Boston Celtics vs. New York Knicks

The Boston Celtics and New York Knicks tipped off the 2024-2025 NBA season on Tuesday, Oct. 22, leading to a surge in NBA Topshot NFT sales.

NFT Sales Surge

As of the week ending Oct. 27, weekly sales reached 43,600 NFTs, marking a significant resurgence after a period of stagnation. This represents a 94% increase compared to the previous week’s total.

Preseason Activity

Early 2024 saw steady levels of activity, with weekly NBA Topshot sales averaging around 43,000 NFTs leading up to the playoffs.

Decline During Playoffs

However, activity sharply declined during and after the playoffs, with average weekly sales dropping to just 26,000 NFTs, reflecting decreased user interest during the playoffs and offseason.

Conclusion

The data indicates that the excitement surrounding the start of the new NBA season has rekindled interest in NBA Topshot NFTs.

This is an excerpt from The Block's Data & Insights newsletter. Dig into the numbers making up the industry's most thought-provoking trends.