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The NFT market has experienced a mild rebound, with weekly sales volume growing 1.95% to $106.2 million. This marks a potential reversal of last week’s downturn, in conjunction with Bitcoin’s spectacular surge to the $105,000 level.
The NFT marketplace has seen greater participation, based on CryptoSlam statistics. The number of buyers went up 55.08% to 826,992, while sellers rose by 18.12% to 257,017. Total transactions went down nearly 25% to 1,651,758, indicating mixed momentum.
Ethereum is still in the top spot for NFT sales, with $30.3 million. Despite this, volume fell by 15.57% from last week. Interestingly enough, Ethereum blockchain wash trading increased by 11.33% to $1.8 million.
Immutable moved into second place, generating $16.4 million of sales in NFTs, a 123.21% boost. Bitcoin NFTs were hot on its heels, bettering 17.81% to $15.1 million. Mythos Chain generated $14 million in sales (+3.26%), while Polygon dropped to $13.9 million, down 7.72%.
Solana rounded out the top six with $6.1 million in sales, down 13.31%. But Polygon dominated the increase in buyers at 54.25%, followed by Solana (34.99%) and Bitcoin (33%).
CryptoPunks, while registering substantial solitary sales, fell to the sixth spot with $3.5 million—a 22.23% fall. Transactions and seller figures decreased but that of buyers remained steady.
As Bitcoin maintains momentum and NFT buyer numbers grow, the market may be inching toward broader recovery, despite volatility across individual collections.
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