NFT sales jump 14.39% week over week, reaching $134.3 million

The NFT market has recovered strongly over the last seven days, with total sales volume climbing 14.39% to reach $134.3 million. This uptick comes after a decline in the prior week, marking a clear reversal in market momentum.

According CryptoSlam data, the weekly number of NFT buyers held at 1,061,348, reflecting a growth rate of 50.56% from the week before. The data also shows that NFT sellers rose by 8.9%, totaling 38,494 active addresses over the same period. 

Despite these gains in participants, total NFT transactions dipped overall by 2.94%, falling to 1,646,525 in the week.

In terms of sales by blockchain, Immutable extended its dominance by recording $46,148,821 in sales, an increase of 81.73% over the last seven days. 

Ethereum moved up into the second spot with $26.9 million in sales, a 42.96% rise, and its wash trading volume climbed 11.87% to $1,789,274. Polygon slipped to third spot, with sales totaling $16.9 million, down 24.73%, while its wash trading volume plunged 96.86% to $33,869.

Mythos Chain remained in fourth place, with weekly sales of $14.2 million, up 1.57% from the previous week. In fifth place, BNB posted $9.87 million in sales, reflecting a 25.14% gain. Bitcoin ranked sixth with $7.91 million in sales, a decrease of 2.47% from the previous week.

Buyer activity increased across most major blockchains. Arbitrum led the gains with a 110.87% rise in buyer count. Polygon followed with 35.63% growth, and Solana saw its buyer numbers grow by 27.41%.

Guild of Guardians Heroes remains the top collection by sales

Among individual collections, Guild of Guardians Heroes remained in the top place, generating $28,330,447 in sales, up 86.33%. This gaming-focused collection seems 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%. Its buyer count fell by 75.19% and sellers by 88.89%.

Once considered the holy grail of NFTs, CryptoPunks on Ethereum made $2 million in sales, down 2.32% from the previous week. However, what’s interesting is that the number of buyers has decreased by 30% while the number of sellers increased by 15.38% for this collection.

Bored Ape Yacht Club, in comparison, seems to be performing well, with all metrics in the green. Its sales increased by 22.72%, and the number of transactions increased by 44.12% in the last seven days. At the same time, both buyers and sellers increased by almost the same percentage — 44.83% and 42.32%, respectively. 

Among notable collections, the most significant jump in sales volume was seen for Gods Unchained Cards, 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 accounts for roughly 88.9% of all Ethereum NFT trades over the past week, according to Dune data. Blur marketplace remained in second place with a 10.1% share of total trades.

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