The NFT sector continues to show resilience with sales volumes climbing 8.13% to reach $129.1 million, marking the third straight week of growth despite a shaky crypto market.
According to CryptoSlam, participation has expanded significantly. NFT buyers jumped 112.37% to 587,381, while sellers surged 140.76% to 496,112. However, total transactions dipped 7.99% to 2,088,311.
Crypto Market Pressures
The broader crypto market remains volatile. Bitcoin slipped to the $119,000 range, while Ethereum fell near $4,000. Overall, the global market cap now stands at $3.78 trillion, down from last week’s $4.04 trillion.
BNB Chain Overtakes Rivals
Ethereum maintained its lead with $45.2 million in sales, though growth was limited at 1.49%. Wash trading on Ethereum declined 10.26% to $8.9 million.
BNB Chain posted one of the most impressive surges, reaching $25.5 million in sales and securing second place with a 197.21% increase. Base followed in third with $13.7 million, while Mythos Chain held fourth at $11 million despite an 11.11% decline.
Shifts in the Top Blockchains
Bitcoin recorded $7.8 million in NFT sales, falling 25.73%. Immutable dropped 24.83% to $6.3 million, Solana slipped 28.38% to $5.2 million, and Polygon (POL, formerly MATIC) completed the top eight with $4.1 million, down 29.45%.
Buyers on the Rise
Despite falling sales for many blockchains, user activity showed positive momentum. Ethereum led with buyer growth of 129.93%, followed by Solana at 38.59% and BNB Chain at 10.49%.
