NFT Buyers Surge 120% While Sales Remain Steady at $61.5 Million

The NFT market witnessed a sales volume of $61.5 million over the past week, marking a slight increase of 1.52% from the previous period. However, the main highlight is the significant rise in market participation: NFT buyers surged by 120.90% to reach 134,743, while sellers also rose by 98.69% to total 111,756. This activity coincided with Bitcoin’s recovery to the $95,000 mark and Ethereum’s rise back to $3,200. The global cryptocurrency market capitalization now stands at $3.22 trillion, increasing from last week’s $3.09 trillion.

Key Takeaways

NFT Sales: Total sales volume over the week was $61.5 million.
Participation Increase: Buyers rose by 120.90% to 134,743; sellers increased by 98.69% to 111,756.
Ethereum Leads: Ethereum dominated the NFT market with $29.05 million in sales.
High-value Sales: Top sales featured Bitcoin NFTs, including a sale topping $1.1 million.

NFT buyers rise 120%

Ethereum Leads the NFT Market with $29 Million in Sales

Ethereum continues to hold the top spot among blockchains, generating $29.05 million in NFT sales, which is a 13.51% increase over the last week. The network saw a remarkable 420.94% rise in buyers, totaling 17,389. It’s worth noting that wash trading on Ethereum reached $3.88 million during this time.

Following Ethereum, Bitcoin secured second place with $9.33 million in sales, although this reflects a 12.69% decrease from the previous week. The Bitcoin network attracted 5,185 buyers, signifying a notable 202.69% week-over-week increase.

Source: Blockchains by NFT Sales Volume (CryptoSlam)

The BNB Chain ranked third with $7.73 million in sales, showing a 10.24% increase alongside 14,728 buyers, which is a 422.27% rise. Immutable came in fourth with $4.14 million in sales, reflecting a 5.15% increase, while Panini rounded out the top five with $2.26 million in sales, down 9.05%. Additionally, the Base blockchain recorded $2.26 million in sales with a 35.45% increase, whereas Solana posted $1.89 million but faced a significant 46.78% decline compared to the previous week.

YES BOND Claims Top Spot in Collection Rankings

On the BNB Chain, YES BOND led the collection rankings with $3.26 million in sales, marking a 19.35% weekly increase. This collection processed 1,622 transactions from 1,299 buyers. CryptoPunks came in second with $2.73 million in sales, despite facing a 23.81% decline. The well-known Ethereum collection completed 28 transactions from 20 buyers.

Ape.bond Bonds claimed the third position with an impressive $2.48 million in sales, surging by 43.47%.

NFT buyers rise 120% despite sales staying flat at $61.5 million - 1
Source: Top collections by NFT Sales Volume (CryptoSlam)

Panini America reported $2.26 million in sales with a 9.05% decrease, while Guild of Guardians Heroes made $2.16 million from sales, showing a slight 0.74% increase. The Good Vibes Club on Ethereum saw $2.09 million in sales, reflecting a significant 349.52% rise, while Pudgy Penguins rounded out the top seven with $2 million in sales, down 9.62%.

High-Value Sales Highlighted by Bitcoin NFTs

The highest sales of the week were led by $X@AI BRC-20 NFTs on the Bitcoin blockchain, with the top sale reaching $1.10 million (12.0247 BTC), closely followed by another $X@AI piece sold for $898,131 (9.8453 BTC). Both of these significant transactions took place just three days ago. Notably, CryptoPunks secured three positions in the top five individual sales, reflecting its continued popularity and market strength.