NFT Market Surges 14.39% in Sales Volume, Buyers Up 50.56%

The NFT market has shown a strong recovery over the past week, with total sales volume increasing by 14.39% to reach $134.3 million. This surge in sales volume comes after a decline in the previous week, indicating a shift in market momentum. The number of NFT buyers also saw a significant increase, rising by 50.56% to 1,061,348, while the number of sellers grew by 8.9% to 38,494 active addresses. Despite these gains in participants, the total number of NFT transactions decreased by 2.94%, falling to 1,646,525.

In terms of blockchain performance, Immutable maintained its leadership position with $46,148,821 in sales, marking an 81.73% increase over the last seven days. Ethereum secured the second spot with $26.9 million in sales, a 42.96% rise, while its wash trading volume increased by 11.87% to $1,789,274. Polygon, however, slipped to the third position with sales totaling $16.9 million, down 24.73%, and its wash trading volume plummeted by 96.86% to $33,869. Mythos Chain held onto the fourth place with weekly sales of $14.2 million, up 1.57% from the previous week. BNB claimed the fifth spot with $9.87 million in sales, reflecting a 25.14% gain, while Bitcoin ranked sixth with $7.91 million in sales, a decrease of 2.47% from the previous week.

Buyer activity saw notable increases across several major blockchains. Arbitrum led the gains with a 110.87% rise in buyer count, followed by Polygon with 35.63% growth, and Solana with a 27.41% increase in buyer numbers.

Among individual NFT collections, Guild of Guardians Heroes remained at the top, generating $28,330,447 in sales, up 86.33%. This gaming-focused collection appears to have benefited from Immutable’s growing strength. Courtyard on Polygon dropped to the second spot with $16,024,701 in sales, down 3.31%, while its buyer count fell by 75.19% and sellers by 88.89%. CryptoPunks on Ethereum, once considered the holy grail of NFTs, made $2 million in sales, down 2.32% from the previous week. Interestingly, the number of buyers for this collection decreased by 30% while the number of sellers increased by 15.38%. Bored Ape Yacht Club, on the other hand, showed strong performance with all metrics in the green. Its sales increased by 22.72%, and the number of transactions rose by 44.12% in the last seven days. Both buyers and sellers increased by almost the same percentage—44.83% and 42.32%, respectively.

Among notable collections, Gods Unchained Cards saw the most significant jump in sales volume, rising 102.88% to $7,791,214 over a week. During this period, its buyer activity also increased by 49.80% with 1,531 transactions in total.

Overall, OpenSea accounted for roughly 88.9% of all Ethereum NFT trades over the past week, while Blur marketplace remained in second place with a 10.1% share of total trades.