The NFT market is showing interesting results, demonstrating sales growth despite a significant decrease in active participants.
Overall Trends in the NFT Market
The total sales volume for NFTs over the past week reached $122.6 million, an increase of 20.67% compared to previous figures. Meanwhile, the number of buyers dropped by 89% to 88,157, and the number of sellers fell by 82.62% to 56,817.
Sales Leaders Among Blockchains
Ethereum has reclaimed its leading position among blockchains with sales of $50 million, a 133.36% increase. Bitcoin rose from sixth to second place with $15.5 million, a 50.12% increase compared to last week. Polygon dropped to third place with $14.6 million, representing a 41.86% decline.
Top Collections and Their Changes
The f(x) wstETH collection topped the sales rankings with $15.8 million, a 2056.28% increase. The Courtyard on Polygon came in second place with $12.3 million, a 35.06% decrease. The Pudgy Penguins collection also entered the top five with $3.2 million, surging 130.49%.
Despite a significant reduction in active users, the NFT market continues to show growth driven by high-value trades and interest from institutional investors.
