Immutable Surpasses Ethereum in NFT Sales with 156.01% Weekly Gain

Immutable (IMX) has made a significant leap in the NFT market, surpassing Ethereum in sales volume. This shift comes as the NFT market experiences a surge in activity, with sales volume increasing by 37.10% to reach $144.8 million. This growth is accompanied by a broader bullish momentum in the cryptocurrency market, with Bitcoin rallying to $105,000 and Ethereum's value increasing by 2.5%.

Immutable's rise to the top spot is marked by a 156.01% week-over-week increase in sales, totaling $41.7 million. In contrast, Ethereum, which has traditionally dominated the NFT market, saw a more modest 6.69% growth, resulting in $31.5 million in sales. This change highlights the growing diversification of blockchain ecosystems supporting NFT marketplaces and the increasing demand for platforms that offer scalability and lower transaction fees.

The surge in NFT sales is accompanied by a significant increase in market participation. The number of NFT buyers jumped by 50.56% to over one million, while the number of sellers increased by 8.09%, reaching nearly 39,000. The total number of NFT transactions also grew by 7.88%, totaling approximately 1.75 million. This heightened engagement is driven by both new entrants and returning collectors taking advantage of favorable market conditions. Notably, Polygon and Solana blockchains exhibited strong buyer growth of 35.63% and 27.41%, respectively, indicating broad-based interest beyond the leading platforms.

The Guild of Guardians Heroes collection led the rankings with $24.7 million in sales, more than doubling its previous performance with 132.53% growth. This success is closely linked to Immutable’s platform momentum. Polygon’s Courtyard collection followed with $17.2 million in sales, growing 36.33%, while Guild of Guardians Avatars secured third place with $10.3 million, reflecting a 108.61% increase. Interestingly, Bitcoin’s Ordinals category surged dramatically by 1,556.66%, entering the top five collections with $7.6 million in sales. Conversely, CryptoPunks, once a dominant collection, has notably dropped out of the top rankings, signaling shifting collector preferences and market dynamics.

Ask Aime: Why did Immutable surpass Ethereum in NFT sales?

Bitcoin maintained third place among blockchains with $19.4 million in NFT sales, rising 22.55%, followed by Polygon at $18.5 million and Mythos Chain at $14.1 million. BNB Chain entered the top six with $8.4 million, reflecting a 47.59% increase, while Solana held seventh place with $6.3 million in sales. Ethereum’s wash trading volume decreased slightly by 2.91%, suggesting improved market integrity and a reduction in artificial volume inflation. These trends highlight a maturing NFT market where genuine trading activity is gaining prominence.

Despite CryptoPunks’ decline in overall rankings, several high-value sales were recorded, including CryptoPunks #1831 and #9778, each selling for 150 ETH, valued at approximately $389,846 and $377,958 respectively. Other significant sales included CryptoPunks #4868 at 76.5 ETH and #5586 at 70.07 ETH, underscoring continued demand for iconic NFT assets even as market leadership evolves.

The recent NFT market rally, driven by Immutable’s ascendancy and robust participation across multiple blockchains, signals a dynamic and evolving landscape. While Ethereum remains a key player, emerging platforms are reshaping the competitive environment, offering new opportunities for collectors and investors alike. Sustained growth in buyer engagement and transaction volume suggests that NFTs continue to attract significant attention, reinforcing their role as a vital component of the broader cryptocurrency ecosystem.