Ethereum posts $12.51 million in weekly sales as NFT activity rebounds

Ethereum led a rebound in NFT activity this week with a 70% sales growth and $12.51 million in sales across all Ethereum-based collections.

Total Ethereum NFT volume, including wash trades, reached $13.17 million, up 84.68% from the prior week, with 5,449 buyers, a 1.66% increase.

As per CryptoSlam data, the total market sales volume reached $44.58 million, up 4.34%. NFT buyers also climbed 19.03% to 269,408, NFT sellers rose 12.06% to 315,062, and total transactions surged 163.63% to 2,098,514.

Ethereum leads NFT rebound with 70% sales growth

Ethereum reclaimed the top position among blockchains by sales volume with $12.51 million in weekly NFT sales, up 75.64% from the prior period. Its wash trading figure of $662,142 rose 6,482.50% week over week. The chain’s buyer count of 5,449 was up just 1.66%.

Bitcoin ranked second with $11.74 million in sales, though that figure was down 18.81% from the prior week. Its buyer count rose 42.88% to 12,682, and total volume, including wash trades, reached $11.77 million, down 18.77%.

Polygon placed third with $6.85 million in sales, up 8.23%, though its total volume, including wash trades, reached $21.13 million on the back of $14.28 million in wash trading activity. Polygon attracted 17,220 buyers, up 193.26%, the largest percentage buyer gain of any top chain this week.

Base recorded $5.04 million in sales, up 2.11%, with 39,450 buyers, a 3.43% increase, and total volume including wash trades of $9.85 million. Immutable posted $2.20 million in sales, down 18.94%, with 5,734 buyers, up 29.49%.

Solana generated $1.74 million in sales, nearly flat at a 0.34% decline, with 103,579 buyers. BNB Chain shed 50.14% in sales to $1.50 million, though its buyer count of 21,839 rose 24.99%.

Courtyard tops collections as CryptoPunks posts recovery

Courtyard on Polygon retained the top collection ranking by sales volume with $6.03 million across 81,415 transactions, up 9.30% and 20.83% respectively. The collection drew 11,716 buyers, up 4.30%, and 2,562 sellers, down 35.95%.

$X@AI BRC-20 NFTs on Bitcoin placed second with $6.01 million in sales across just 9 transactions and 7 buyers, down 11.77% from the prior week. A Base chain address ranked third with $3.22 million across 30,899 transactions, up 0.19%, with 28 buyers and 438 sellers. Flying Tulip PUT on Ethereum placed fourth with $1.97 million in sales across 196 transactions and 9 buyers, down 51.79% from the prior week.

$QCLAW BRC-20 NFTs on Bitcoin ranked fifth with $1.65 million across 12 transactions and 6 buyers, down 36.73%. CryptoPunks on Ethereum ranked sixth with $1.15 million in sales, up 1,876.67% from the prior period, across 15 transactions, up 1,400%. The collection saw 11 buyers and 11 sellers, each rising 175% on the week.

Bitcoin Ordinals dominate top individual sales

The largest single sale of an NFT within the week was an $X@AI BRC-20 NFT, which was sold for 54.2999 BTC, seven days ago. The next largest sale was another $X@AI BRC-20 NFT, which was sold for 31.872 BTC, approximately one day ago.

CryptoPunks #4770 was the third-largest, with a sale of 117 ETH, three days ago. This sale was the most expensive sale involving an Ethereum-based NFT within the top five.

The smartest crypto minds already read our newsletter. Want in? Join them.