The NFT market witnessed a slight downturn this past week, with total sales slipping by 5.3% to approximately $100.9 million, even as broader crypto markets showed signs of stabilization.
Bitcoin hovered around $84,000 and Ethereum maintained near $1,900, yet NFT sales volumes failed to mirror the crypto market’s modest recovery.
Data from CryptoSlam reveals that while overall sales declined, market participation remained robust. The number of active buyers surged by nearly 71%, totaling over 350,000 participants, while sellers increased by almost 69% to reach 225,465. Transaction activity also climbed, recording a 16.9% increase to nearly 1.7 million individual NFT trades.
Bitcoin NFTs Lead Declines
Bitcoin-based NFTs saw the sharpest downturn in the past week, with sales plummeting by over 30% to approximately $16.3 million. Despite the drop in volume, buyer participation on the Bitcoin network actually increased by nearly 64%, totaling more than 31,000 buyers—a sign of continued user interest despite falling transaction values.
Ethereum, the leading blockchain for NFTs, also experienced a notable decline. Sales on Ethereum slid by 13% to around $27.7 million. However, like Bitcoin, the number of active buyers on Ethereum grew by over 42%, reaching nearly 45,000. Wash trading on Ethereum showed a modest reduction, down 6.5% to $2.8 million, suggesting some stabilization in market activity.
Among other chains, Mythos Chain bucked the broader trend, recording a slight increase of 3% in NFT sales to $15.6 million, holding steady in third place. Meanwhile, Polygon (POL) NFTs saw a decline of nearly 6%, with total sales falling to $13.3 million.
Solana also posted a 5% drop, closing the week with $9.4 million in sales and rounding out the top five chains by NFT volume.
Courtyard Leads Weekly NFT Collections
Polygon-based Courtyard retained its position as the top-selling NFT collection this past week, generating $11.5 million in sales despite a 7% decline in volume. Interestingly, the project saw transaction activity increase by nearly 5%, surpassing 100,000 trades.
Trailing closely behind, DMarket secured second place with $10.4 million in sales—posting a modest 4% uptick—while maintaining strong engagement with over 333,000 transactions. Guild of Guardians Heroes continued its upward trajectory, landing in third with $5.6 million in sales and recording a remarkable 159% growth week-over-week.
Good Vibes Club followed in fourth place, notching a significant 264% surge to reach $4 million in weekly sales. Meanwhile, BRC-20 NFTs slipped further, dropping by over 43% to $3.2 million, reflecting the broader decline across Bitcoin-based NFTs.
One of the more notable shifts came from CryptoPunks, which fell to sixth place. The iconic Ethereum collection posted $2.6 million in sales, down more than 15% from the previous week.
Among standout individual NFT transactions were:
- CryptoPunks #6634 sold for $431,243 (222.5 ETH).
- Azuki #641, which fetched $209,021 (110 WETH).
- Three Autoglyphs pieces, each sold for between $188,000 and $198,000.
Quick Facts:
- Total NFT sales dropped 5.3% over the past week, totaling approximately $100.9 million.
- Bitcoin NFT sales saw the sharpest decline, falling over 30% week-on-week.
- Despite the sales dip, active NFT buyers surged nearly 71%, reaching over 350,000.
- Total NFT transactions rose 16.9%, reflecting strong overall market participation.
