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Market snapshot: NFT volume climbs despite broader crypto pullback
Weekly NFT sales volume increased by 5.98% to $161.7 million, according to CryptoSlam data. The NFT market saw a pronounced uptick in participation: buyers jumped 126.59% to 382,846 and sellers rose 124.15% to 341,290. Total NFT transactions edged higher by 2.48% to 1,703,436, signaling renewed interest in non-fungible tokens even as the wider crypto market contracted.
Key metrics
- Total NFT sales: $161.7M (+5.98%)
- Buyers: 382,846 (+126.59%)
- Sellers: 341,290 (+124.15%)
- Transactions: 1,703,436 (+2.48%)
Top collections: 45.com leads, Pudgy Penguins surges
At the collection level, 45.com on Ethereum dominated weekly sales with $31.28 million across 9,607 transactions. That collection recorded 4,980 buyers but only five sellers, producing flat week-over-week growth. Pudgy Penguins emerged as the standout mover: sales jumped 165.38% to $15.61 million from $6.63 million the previous week, propelling it into second place.
Other notable collections
- LilPudgys: $4.60M (seventh place), +27.24%.
- DX Terminal (Base): $9.99M, down 23.84% from $13.03M; reported activity included 553,255 transactions with 106,605 buyers and 105,740 sellers.
- DMarket: $8.07M, +4.78% with 215,010 transactions.
- Bored Ape Yacht Club (BAYC): $5.47M, +2.78% with 127 transactions, 73 buyers and 76 sellers.
- Moonbirds: $5.32M, -20.23% with 481 transactions.
Blockchain rankings: Ethereum reclaims dominance
Ethereum returned to the top blockchain by NFT sales with $102.67 million, a 23.45% increase from the prior week. The network recorded approximately $12.54 million in suspected wash trading, bringing the adjusted total to $115.21 million. Buyer counts on Ethereum rose 71.47% to 33,535.
Other chains by NFT sales
- Base: $13.20M, -13.73%; included $5.03M in wash trading and a 138.32% surge in buyers to 226,471.
- Bitcoin: $10.11M, -27.76%; buyers increased 163.11% to 8,388.
- Mythos Chain: $8.23M, +5.10%; buyers up 147.15% to 23,647.
- BNB Chain: $6.51M, -6.75%; buyers rose 234.68% to 21,523.
- Solana: $5.40M, -24.56%; buyers up 129.10% to 21,884.
Big-ticket NFT sales and blue-chip activity
High-value single-sales continued to attract attention. Bored Ape Yacht Club #1878 led individual deals with a $1.65 million sale (400 ETH) reported six days ago. CryptoPunks also recorded notable single-item sales across the week:
- CryptoPunks #854: $195,823.70 (47.46 ETH)
- CryptoPunks #5054: $194,037.84 (47 ETH)
- CryptoPunks #8746: $193,859.75 (46.69 ETH)
- CryptoPunks #9537: $192,416.83 (46 ETH)
Macro context: crypto market cap contracts but NFT demand recovers
The overall crypto market cap fell to $3.62 trillion from $3.78 trillion the previous week. Bitcoin and Ethereum prices softened during the same period; Bitcoin was reported near the $106,000 level while Ethereum traded around $3,800. Despite price softness, the NFT sector is showing resilience as market participation climbs, driven by renewed buyer interest and notable collection-level rallies such as Pudgy Penguins.
What this means for collectors and investors
Rising buyer counts and expanding transaction activity are healthy signs for NFT liquidity and secondary-market depth. However, sellers should monitor wash trading flags and chain-specific dynamics—especially on high-volume networks—when evaluating collection strength. Collectors hunting for opportunities may find value in resurging collections and blue-chip pieces that continue to command significant single-item sales.
As NFT marketplaces and blockchains evolve, close tracking of on-chain metrics—sales volume, unique buyers, seller distribution, and wash trading estimates—remains essential for assessing short-term momentum and long-term sustainability in the NFT market.
Source: crypto
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