NFT Market Grows for Third Straight Week
NFT trading activity picked up again this week, with total sales climbing 8.13% to $129.1 million — marking the third straight week of gains despite a broader slowdown in the crypto market.
Market Activity Expands
Data from CryptoSlam shows growing participation in the NFT sector. The number of buyers rose 112.37% to 587,381, while sellers increased 140.76% to 496,112. Transaction volume, however, fell slightly by 7.99% to 2,088,311, suggesting a shift toward higher-value trades.
Crypto Market Context
While NFT sales improved, major cryptocurrencies faced minor declines. Bitcoin fell to around $119,000, and Ethereum hovered near $4,000. The total global crypto market capitalization now stands at $3.78 trillion, down from $4.04 trillion a week earlier.
BNB Chain Climbs in Rankings
Ethereum maintained its lead with $45.2 million in weekly NFT sales, up 1.49%. Wash trading on Ethereum dropped by over 10%, totaling $8.9 million. BNB Chain, meanwhile, recorded a significant 197.21% increase, reaching $25.5 million in sales and overtaking other networks to take the second spot.
Other Blockchain Performances
Base followed in third place with $13.7 million in volume, showing a minor decline of 0.02%. Mythos Chain held fourth at $11 million, down 11.11%. Bitcoin recorded $7.8 million in NFT transactions, dropping 25.73%. Immutable and Solana also saw declines, with sales falling 24.83% and 28.38%, respectively. Polygon (POL, formerly MATIC) rounded out the top eight at $4.1 million, down 29.45%.
Buyer Growth Across Networks
Despite mixed sales numbers, user growth remained strong across major chains. Ethereum led with a 129.93% increase in buyers, followed by Solana at 38.59% and BNB Chain at 10.49%. This suggests renewed retail interest, even as overall transaction counts decline.
