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NFT sales volume slipped 0.47% to $65.58 million this week as a 24% decline on Ethereum offset a 70% surge in Bitcoin-based collectibles, according to data from CryptoSlam.
Despite the flat headline figure, market participation jumped sharply, with buyers rising 26.31% to 292,030 and sellers climbing 24.44% to 205,205, signaling capital rotation between blockchains rather than wholesale market exit.
The latest figures, covering activity across major blockchains and collections, point to a market in transition. While headline NFT sales volume remained broadly flat, the number of buyers and sellers jumped by more than 24%, signaling renewed engagement even as capital rotated between ecosystems.
At a market-wide level, NFT sales volume stability contrasted sharply with rising user activity. CryptoSlam data shows that NFT buyers increased 26.31% to 292,030, while sellers climbed 24.44% to 205,205. Transaction counts dipped only marginally, down 0.95% to 869,747.
Summarizing the trend, CryptoSlam noted that “NFT sales volume has edged down by 0.47% to $65.58 million,” underscoring how narrowly the market moved week to week — CryptoSlam, market data provider.
For policymakers tracking digital asset adoption, the surge in participants despite flat volumes suggests NFTs are continuing to broaden beyond a shrinking base of high-value traders.
For investors, the data highlights a familiar pattern: capital is still active, but increasingly selective. Rather than exiting the NFT market altogether, participants appear to be shifting focus toward specific chains and collections with perceived momentum or utility.
Ethereum remained the largest blockchain by NFT sales volume, but it was also the biggest drag on the market. Weekly Ethereum NFT sales fell 23.92% to $20.88 million, down from $28.06 million the prior week. Including $3.55 million in wash trading, Ethereum’s total activity reached $24.43 million.
Despite the decline in value, Ethereum buyer numbers rose sharply. Buyers increased 37.19% to 19,798, highlighting a disconnect between engagement and capital deployed. This divergence is critical for regulators assessing market health, as it raises questions about liquidity concentration and pricing efficiency even when user counts are rising.
Collections mirrored this mixed picture. CryptoPunks, one of Ethereum’s flagship NFT projects, jumped to fourth place overall with $2.51 million in sales, up 68.62% week over week. By contrast, Milady Maker dropped to fifth place, with sales plunging 42.01% to $2.26 million, reflecting how quickly sentiment can shift within the same ecosystem.
While Ethereum cooled, Bitcoin emerged as the standout performer reshaping NFT sales volume rankings. Bitcoin-based NFTs surged 70.52% to $12.12 million, up from $7.38 million the previous week. Wash trading on Bitcoin remained minimal at $45,552, while buyer counts jumped 44.08% to 9,904.
One of the clearest signs of this momentum came from BRC-20 NFTs. CryptoSlam data showed that “Bitcoin exploded into third place with $3.45 million, posting a massive 335.14% surge,” highlighting the rapid rise of Bitcoin-native collectibles — CryptoSlam, market data provider.
DMarket on the Mythos blockchain reclaimed the top collection spot overall, recording $5.32 million in sales, a 72.49% increase week over week.
The collection processed 142,989 transactions, driven by strong activity from both buyers and sellers. Meanwhile, Courtyard on Polygon secured second place with $4.99 million in sales, up 66.58%.
Beyond Ethereum and Bitcoin, other blockchains posted mixed results that further shaped overall NFT sales volume. BNB Chain fell to third place among blockchains with $7.77 million in sales, down 18.84% from the prior week, even as buyer numbers rose more than 41%.
Polygon climbed to fourth with $6.06 million in sales, a 44.33% increase, though wash trading accounted for $10.59 million of activity.
Mythos Chain advanced to fifth place with $5.46 million in sales, up 72.71%, while Immutable held sixth at $3.20 million, essentially flat week over week. Solana rounded out the top seven, posting $2.93 million in sales, down 23.03% despite a near 30% increase in buyers.
Individual high-value sales reflected this dispersion. Two BRC-20 NFTs led the week, with $X@AI selling for $1.92 million and another BRC-20 asset trading hands for $1.79 million. High-profile Ethereum sales also continued, with CryptoPunks #8408 and #8476 selling for over $118,000 and $110,000 respectively.
Taken together, the data suggests NFT sales volume is no longer driven by a single chain or narrative. Instead, it reflects a fragmented but active market where users are experimenting across ecosystems. For investors, the lesson is clear: flat NFT sales volume does not mean stagnation.
