NFT market rebounds as sales surge 20% to $153M
Top NFT sales this week
Despite weak prices and a declining crypto market—whose capitalization fell from $3.24 trillion to $3.18 trillion this week—the NFT sector showed growth across multiple metrics.
According to CryptoSlam, NFT sales volume climbed to $152.9 million, marking a 19.6% increase from the previous week. The number of NFT buyers surged by 64.53% to 335,666, while sellers grew by 49.30% to 237,123. NFT transactions also rose by 4.73% to 1,574,998.
Ethereum maintained its dominance, with sales jumping 42.71% to $79.1 million and buyers increasing by 36.09% to 41,619. Wash trading on Ethereum also spiked by 44.66% to $37.5 million.
Bitcoin ranked second with $20.6 million in sales, despite a 26.59% drop. However, the number of Bitcoin NFT buyers grew by 40.65% to 23,097.
Mythos Chain secured third place with $15.4 million in sales (up 4.25%), followed by Solana at $10.9 million (up 13.86%). Polygon POL (formerly MATIC) rounded out the top five with $9.2 million, posting a 23.35% increase.
Intensifying competition in the NFT market
Among platforms, DMarket retained its leadership with $10.2 million in sales, driven by 344,394 transactions and 24,012 buyers.
Doodles ranked second, recording $9.9 million in sales, up nearly 30%. Pudgy Penguins moved into third place with $8.8 million, surging 83.01% and more than doubling transaction volume.
Courtyard took fourth place with $8.2 million, while LilPudgys rounded out the top five with $6.3 million, showing a massive 133.39% increase.
Top NFT sales this week
- CryptoPunks #7685 – $166,289 (60 ETH)
- CryptoPunks #3963 – $139,515 (50 ETH)
- CryptoPunks #5774 – $122,773 (44 ETH)
- CryptoPunks #9813 – $121,059 (44.99 ETH)
- CryptoPunks #8046 – $120,659 (44.69 ETH)
As we wrote, knowing how to create NFT and how to mint an NFT is essential for creators looking to stand out in this competitive digital space. For buyers and investors, understanding what is minting NFT can provide clarity on value, costs, and potential risks.
