The global market for non-fungible tokens (NFTs) experienced a significant boost recently, showcasing a remarkable 37% increase in sales, culminating in a total volume of approximately $88.2 million. This surge signals a renewed interest in NFTs across various blockchains, driven by a notable uptick in participation from both buyers and sellers.
Data shows that the number of buyers rose by 22.90%, reaching 342,044 unique addresses, while sellers increased by 24.17%, totaling 242,004. Additionally, the volume of transactions saw a rise of 10.54%, with 937,495 trades recorded. This highlights a robust rebound in market activity, particularly among high-value collections.
Among the standout performers this week, the NFT collection $X@AI BRC-20, anchored on the Bitcoin network, led sales with approximately $23.14 million, marking an astonishing increase of over 1,000% compared to the previous period. Despite the impressive sales figure, only 12 transactions were executed, each involving different buyers and sellers, indicating that these trades were significant one-off deals rather than widespread activity.
Other notable collections also made their mark. DMarket, operating on the Mythos Chain, secured over $6 million in sales, reflecting a strong transaction volume. Meanwhile, the YES BOND collection on the BNB Chain saw growth exceeding 20%, supported by a large base of buyers. Established names such as CryptoPunks and Pudgy Penguins maintained their relevance with substantial trading volumes, further solidifying their positions in the market.
When looking at blockchain performance, Bitcoin took the lead in weekly NFT sales, generating around $29.9 million, which signifies a 144% increase from the previous week. This rise in Bitcoin”s activity was accompanied by a more than 25% increase in buyers, indicating a growing acceptance of the network for NFT transactions. Ethereum followed closely, recording approximately $27.5 million in sales, also demonstrating substantial weekly growth.
The BNB Chain, Mythos, Immutable, and Base networks completed the list of top platforms, each exhibiting varying changes in volume and buyer engagement. Noteworthy individual sales included a single NFT from the $X@AI BRC-20 collection, which traded for around $17.13 million, equivalent to 195.0081 BTC. Additionally, two other sales from this collection surpassed the $1 million mark. On the Ethereum side, two CryptoPunks transactions featured among the week”s top deals, each exceeding $120,000, affirming the enduring demand for historical collections in the NFT landscape.
