The NFT market recorded a slight recovery signal last week, with total trading volume increasing by 1.95% to reach 106.2 million USD. The number of NFT buyers surged by 55.08% to 826,992 independent wallets, while the number of sellers also increased by 18.12%, reaching 257,017. However, the total number of NFT transactions sharply decreased by 24.94% to 1,651,758, showing a clear differentiation between demand and transaction speed across blockchains.
Ethereum continues to maintain its leading position in trading volume, reaching 30.3 million USD, but decreasing by 15.57% compared to the previous week. Immutable surprisingly rose to second place, recording 16.4 million USD – an impressive growth of 123.21%. Bitcoin stands in third place with 15.1 million USD, increasing by 17.81%. Mythos Chain ranks fourth with 14 million USD, slightly increasing by 3.26%. Polygon reached 13.9 million USD but decreased by 7.72%. Solana is at the bottom of the list with 6.1 million USD, dropping by 13.31%.
The market recorded several high-value NFT transactions, mainly from the CryptoPunks collection. Notably, CryptoPunks #1831 was traded at 150 ETH – equivalent to 389,846 USD. CryptoPunks #9778 also reached 150 ETH (377,958 USD). Additionally, other CryptoPunks transactions were: #4868 – 76.5 ETH (201,933 USD); #5586 – 70.07 ETH (185,292 USD); #7516 – 60 ETH (158,378 USD).
The NFT market development shows that capital continues to circulate between platform blockchains, with significant fluctuations in the number of new investors and vibrancy in famous collections. The characteristics of liquidity allocation, as well as the advantages of scalability and technology of each network, are increasingly becoming a focus of comparison for the cryptocurrency community when choosing an appropriate NFT platform.
