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NFT Market Snapshot: Sales Climb Despite Crypto Pullback
NFT sales volume rose 12.03% week‑on‑week to $67.76 million, according to CryptoSlam. The rebound accompanied renewed buyer and seller activity even as major crypto assets retreated: Bitcoin slid toward the $88,000 level and Ethereum fell below $3,000, hovering near $2,900. Global crypto market capitalization contracted to about $2.99 trillion from $3.07 trillion, but NFT trading bucked the broader market trend with notable gains in participation and value.
Key metrics
- Total NFT sales: $67.76M (up 12.03% from $64.95M)
- Buyers: 231,210 (up 49.30%)
- Sellers: 164,944 (up 43.43%)
- Transactions: 910,892 (flat, down 0.16%)
- Global crypto market cap: $2.99T
- BTC price: ~$88,000
- ETH price: ~$2,900
These figures indicate stronger market participation from NFT collectors and traders even as spot crypto prices experienced short‑term weakness.
Ethereum Leads NFT Volume, Large Collections Shine
Ethereum dominated NFT sales this week, posting $28.06 million in volume — a 45.56% increase from the prior week’s $23.93 million. The network also recorded $3.32 million in suspected wash trading, taking its adjusted total to roughly $31.38 million. Buyer growth on Ethereum rose by 19.84% to 14,433 unique buyers, highlighting renewed demand for Ether‑based collections despite ETH price pressure.
Among individual collections, Milady Maker (Ethereum) claimed top spot with $3.68 million in sales across 217 transactions, though the seller count was notably low at just one, with only 10 buyers recorded. DMarket (Mythos) fell to second with $3.09 million — down 30.75% — but recorded an impressive 81,970 transactions. Polygon’s Courtyard surged to third with $2.97 million, a 36.57% increase from the previous week.
Source: Top collections by NFT Sales Volume
Other notable movers included:
- Pudgy Penguins (Ethereum): $2.21M, up 63.66% — 162 transactions
- Guild of Guardians Heroes (Immutable‑ZK): $2.20M, up 23.48% — 1,753 transactions
- YES BOND (BNB): $2.12M, up 3.82% — 1,935 transactions
- Bored Ape Yacht Club (Ethereum): $1.67M, up 14.67% — 113 transactions
These top collections reflect a mix of legacy blue‑chip NFTs and emerging chain‑native projects, underlining continued collector interest across multiple blockchains.
Blockchain Breakdown: Winners and Laggards
Top blockchains by NFT sales
- Ethereum: $28.06M (up 45.56%); recorded $3.32M wash trading
- BNB Chain: $9.62M (down 1.60%); wash trading ~$102,118; buyers surged 106.21% to 30,104
- Bitcoin: $7.38M (up 4.50%); buyers up 93.52% to 6,874
- Polygon: $4.12M (up 30.43%); recorded $6.36M in wash trading
- Solana: $3.96M (down 25.06%); buyers increased 77.68% to 26,455
- Mythos Chain: $3.22M (down 29.41%); buyers up 62.36% to 22,277
- Immutable: $3.19M (up 0.27%); buyers jumped 98.10% to 3,655
- Base: $2.03M (down 6.21%); buyers 74,077 (up 27.65%)
The data shows strong buyer growth across several chains, even where sales declined, suggesting a rebuilding of market depth and interest across L1s and L2s.
Wash trading and volume quality
CryptoSlam’s wash‑trade estimates remain a crucial lens for assessing NFT volume quality. Polygon’s $6.36M wash trading and Ethereum’s $3.32M indicate that not all reported volume is organic. Traders and marketplaces must continue to scrutinize on‑chain behavior and provenance to distinguish genuine collector demand from inflated figures.
Top Individual NFT Sales
Wrapped Ether Rock #38 led single‑item sales at $265,594.19 (90 ETH). Other headline sales included Beeple Spring Collection #100100001 at $186,493.03 (60 ETH), a $X@AI BRC‑20 NFT at $160,299.03 (1.7951 BTC), Autoglyphs #192 at $156,342.55 (55 WETH), and CryptoPunks #5133 at $131,200.81 (44.99 ETH). These high‑value transactions continue to drive headlines and influence perception of NFT market health.
Takeaways for NFT Collectors and Market Participants
- Renewed buyer and seller activity signals improving market confidence even while BTC and ETH retrace.
- Ethereum remains the dominant NFT ecosystem by value, but BNB, Polygon, Solana, and newer chains like Mythos and Immutable are capturing significant buyer interest.
- Wash trading persists and can distort reported volume; market watchers should factor in adjusted metrics when evaluating trends.
- High‑ticket NFT sales remain influential for media attention, but broader participation gains — the nearly 50% jump in buyers — are a healthier sign for long‑term market resilience.
For collectors and NFT marketplace operators, the current environment offers both opportunity and caution: expanding demand and cross‑chain activity amid ongoing volatility in base crypto assets.
Source: crypto
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