With sales volume rising by 10.69% to $115 million during the past week, the NFT market is keeping its good trend. This represents the second consecutive week of increases, indicating fresh investor interest in blockchain-based assets and digital goods. But along with this increase in volume, user involvement sharply declines, suggesting a concentrated burst of activity among less traders.
Strong NFT Performance Drives Crypto Market Bounces Back
Furthermore displaying indications of recovery is the panorama of cryptocurrencies. While Ethereum has risen 35% in just seven days and trades around $2,400, Bitcoin has returned to the $103,000 barrier. Rising to $3.33 trillion from the $3 trillion last week, the global crypto market cap has greatly risen.
User involvement in NFTs has declined sharply even with the positive market numbers. NFT buyers plummeted 76.8% to 126,075; sellers dropped by 74.42% to 72,336. With an 11.57% drop as well, NFT transactions currently at 1,525,846 for the week. This tendency implies that a smaller set of active participants is progressively controlling the market even if high-value sales are driving up the general volume.
Ethereum NFTs Soars 54% Against Wash Trading Trend
Posting $37.5 million in weekly sales—a notable 54.17% increase— Ethereum still rules the NFT ecosystem. Though a surge in wash trading, which grew 50.24% to $4.9 million, helps to somewhat balance the gain, this performance confirms Ethereum’s leadership in the industry. Wash trading should be strictly watched by investors since it typically indicates false activity even while it increases metrics.
Polygon finished the week with $19.1 million and kept second-place despite an 8.08% sales decline. With $15.6 million, Mythos Chain placed third; Bitcoin NFTs followed in fourth with a 4.65% gain, or $14 million. With $7.9 million, Solana completed the top five reflecting a 5.71% drop.
Major blockchains all around showed declining buyer activity. The buyer count for Bitcoin fell by 86.99%, the biggest among all the platforms. Solana trailed with an 86.51% decline; Mythos Chain noted a 76.68% decline.
Doodles Blast 490% Following Token Release
With $5.6 million in weekly sales—a startling 490.68% increase—Doodles, which shot to the top five collections, is among the biggest success stories of the week. With transactions reaching 769.68%, buyers rising 618%, and sellers soaring 469.57%, the initiative showed exponential increase in all engagement measures. The release of its native token, DOOD, which seems to have rejuvenated the community and attracted fresh project interest, fuels this momentum mostly.
Courtyard on Polygon’s top-selling collection, with $17.4 million in weekly sales, stayed the same meanwhile. Its seller count fell by 42.18%, though, suggesting a tightening base of activity. With $10.5 million, a meagre 4.59% rise, DMarket placed solid second; Guild of Guardians Heroes came in third with $5.6 million, a 15.44% increase.
Strong sales help CryptoPunks to return to top five
Re-entering the top five collections with $3.5 million in sales, CryptoPunks Lead NFT is among the most recognizable names in NFTs. On numerous measures, the collection grew healthily: buyer count rose by 83.33%, vendor count rose by 15.79%, and transaction increase by 18.52%. These numbers imply that as the market stabilizes blue-chip NFT initiatives are starting to gather steam.
Notable High-Value NFT Sales Draw Interest
Over the last week, many noteworthy high-ticket NFT sales underlined the ongoing demand for premium digital assets. Selling for approximately $410,000 in stablecoins, Known Origin #30101 was one of the largest transactions. Two Mutant Ape Yacht Club NFTs each sold for just under $195,000; CryptoPunk #7261 acquired 150 ETH, valued at around $274,000. acquired for 69 ETH, around $155,000 another CryptoPunk, #5767.
For collectors and investors, what this implies?
For the NFT market, the most recent data presents a complicated but hopeful picture. Although overall sales volumes are rising, the sharp decline in participant numbers points to a more selective, maybe more experienced user base guiding the activity. Projects like Doodles show that fresh token introductions and creativity still inspire the community and generate disproportionate returns.
Whether you’re a curious beginner or an experienced investor, you should keep current on these patterns. As NFT ecosystems develop, chances keep showing up—usually for those ready to move quickly.
