NFT Sales Surge Past $136M as Bitcoin and Ethereum Rally Drives Momentum

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The NFT market has posted its second consecutive week of gains, with total sales volume climbing 10.44% to $136.5 million, according to new data from CryptoSlam. This renewed energy in the sector is happening alongside a wider crypto market rally, with Bitcoin trading above $108,000 and Ethereum up 3.6% over the past week.

The global crypto market capitalization has also jumped to $3.33 trillion, up from $3.21 trillion just a week earlier.

User Activity Holds Steady Despite Drop in Transactions

The number of NFT buyers remained unchanged at 1,061,348, maintaining a 50.56% year-over-year growth rate. Meanwhile, seller activity increased by 8.09%, totaling 38,494 sellers. However, total NFT transactions declined by 19.72%, with just over 1.35 million trades recorded during the period.

Polygon Moves into Second Place as Wash Trading Spikes

Immutable retained its leadership with $43.9 million in weekly NFT sales, marking a 30.27% increase. Impressively, wash trading on Immutable is negligible, at only $6.

Polygon (POL) made a strong move, surging to second place with $25 million in sales, up a remarkable 51.53%. However, it also saw a massive spike in wash trading, rising 1,573.33% to $564,363.

Ethereum dropped to third place, with $22.5 million in NFT sales, representing an 8.63% decline. Wash trading on Ethereum climbed 15.54% to $1.9 million.

Top Chains and Buyer Growth Rates

• Mythos Chain: Fourth place, $14.4 million, up 2.16%

• BNB Chain: Fifth place, $9.1 million, down 0.13%

• Bitcoin: Sixth place, $8.7 million, up 12.70%

Polygon led all chains in buyer growth, increasing 35.63%, followed by Bitcoin at 23.22% and Mythos Chain at 19.32%.

Top Performing NFT Collections This Week

1. Guild of Guardians Heroes – $26.8 million, up 37.72%

2. The Courtyard (Polygon) – $18.9 million, up 22.53%

3. Guild of Guardians Avatars – $9.7 million, up 24.19%

4. DMarket – $9.2 million, up 3.61%

5. Gods Unchained Cards – $7.2 million, up 15.19%

Notably, three of the top five collections are built on Immutable, signaling its continued dominance in NFT gaming assets.

CryptoPunks Returns to Top 10

CryptoPunks jumped to ninth place with $2 million in sales, a 26.36% increase. The collection saw:

• 25% increase in transactions

• 12.5% more buyers

• 14.29% more sellers

Noteworthy High-Value CryptoPunks Sales

• #1831 – 150 ETH ($389,846)

• #9778 – 150 ETH ($377,958)

• #4868 – 76.5 ETH ($201,933)

• #5586 – 70.07 ETH ($185,292)

• #7516 – 60 ETH ($158,378)