Weekly NFT Volume Doubles to $122.5 Million as Ethereum Dominates Activity

 

NFT Sales More Than Double as Market Shows Resilience Amid Crypto Weakness

The global NFT market posted a sharp rebound over the past week, with sales volume climbing to $122.5 million, marking a 101% increase from the previous period. The surge comes at a time when major cryptocurrencies are under pressure, highlighting renewed interest in digital collectibles despite broader market volatility.

Buyer participation rose significantly, with nearly 187,300 buyers entering the market—an increase of almost 39% week-over-week. Seller activity also strengthened, while total transactions edged higher, signaling improved liquidity and engagement across NFT platforms.

Crypto Prices Slip, NFTs Move Higher

The NFT rebound unfolded as Bitcoin retreated to around $89,000 and Ethereum slipped below $3,000. Meanwhile, the total cryptocurrency market capitalization declined to approximately $3.02 trillion, down from the previous week. Despite this cooling sentiment in spot crypto markets, NFT activity moved in the opposite direction, suggesting a short-term decoupling between digital assets and collectibles.

Ethereum Leads NFT Growth

Ethereum remained the dominant blockchain for NFTs, generating $77.5 million in weekly sales, a jump of nearly 180%. Buyer participation on the network increased sharply, reinforcing Ethereum’s position as the primary hub for high-value NFT trading. Wash trading activity remained limited relative to total volume.

Bitcoin ranked second, recording $21.7 million in NFT sales, more than doubling from the prior week. BNB Chain followed, though it saw a slight dip in total sales despite strong growth in buyer numbers. Other networks, including Base, Solana, and Immutable, showed mixed but generally positive momentum.

Top Collections and High-Value Sales

On the collection front, Flying Tulip PUT led overall rankings with more than $51 million in sales. Bitcoin-based $X@AI BRC-20 NFTs posted the fastest growth, surging dramatically on minimal transaction volume, underscoring rising interest in experimental and high-ticket digital assets.

Legacy collections also showed signs of recovery. CryptoPunks recorded over $4 million in weekly sales, reversing part of last week’s decline and placing multiple pieces among the top individual transactions.

The most notable sale of the week saw a Bitcoin-based NFT fetch $13.7 million, making it the highest-value transaction during the period and reinforcing Bitcoin’s growing role in the NFT ecosystem.

Market Outlook

While it remains unclear whether this momentum can be sustained, the latest figures suggest that NFTs continue to attract capital even during periods of broader crypto uncertainty. Market participants are now watching closely to see if this rebound signals a longer-term trend or a short-lived reaction to shifting investor sentiment.

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