In the NFT market, sales have reached $109 million, with significant changes last week. Although the overall number of buyers is smaller (2,435,539 transactions), the transaction volume is 21% higher than that of sellers. This shows that even with lower participation, activity is still strong.
Ethereum and Polygon dominate NFT trading
Even with wash trade concerns, Ethereum maintained its dominance in NFT sales, generating $32.7 million in revenue. Polygon, on the other hand, saw a significant 90% increase in NFT trading volume, surpassing Bitcoin and Solana with $24 million in sales, including $3.1 million from wash trades, despite a nearly 79% decline in NFT buyers.
Source: CryptoSlam
With weekly NFT sales exceeding $24 million, Polygon has made a strong comeback, surpassing Solana and Bitcoin. Despite a significant decline in buyers, Polygon achieved an impressive 90% increase in transaction volume, once again proving its status as an emerging force in the industry.
Solana and Bitcoin NFT sales drop
Solana ranked third with $22.7 million in NFT sales, albeit down slightly by 2% from the previous week. An increase in wash transactions contributed to marginal improvements, while Solana maintained the highest number of unique buyers among the top blockchains.
Bitcoin faces challenges in taking hold in the NFT space, with sales reaching $15.1 million. Despite efforts to diversify, Bitcoin sales fell 5%, highlighting continued competition from other blockchain networks.
Myths emerge in high-value NFT collections
Mythos (MYTH) gained attention with $4.16 million in NFT sales, hosting the top-performing DMarket series with $3.9 million in revenue from 166,053 transactions, demonstrating the growing appeal of Mythos Chain as an NFT trading platform .
Source: CryptoSlam
The DogeZuki Collection on Solana demonstrated strong engagement, raising $3.04 million from 71,566 transactions, highlighting Solana’s appeal for high-profile NFT projects and active buyer participation.
Series such as Base Ape Polygon earned US$2.81 million, and Froganas on Solana earned US$2.76 million, demonstrating the advantages of a diversified platform in cultivating the NFT trading community. Solana’s “Send it” series saw a significant surge of 1,752.43%, with sales reaching $2.72 million, reflecting strong buyer interest in specific NFT products.
final thoughts
The NFT market has weekly sales of $109 million, demonstrating resilience despite declining participation. Despite the challenges, Ethereum and Polygon have maintained their lead, while Solana and Bitcoin face continued pressure to adapt. High-profile collections on emerging platforms highlight the changing dynamics of NFT trading and indicate that blockchain-based digital assets will continue to grow.
