NFT Market Climbs as Buyers Rise 22% and Bitcoin Takes the Lead

TLDR

• NFT sales increased by 37 percent this week, reaching a total of $88.29 million.
• Bitcoin became the top blockchain for NFT sales with a weekly total of $29.95 million.
• The $X@AI BRC-20 NFT collection led the market with 23.14 million dollars in sales from just 12 transactions.
• Market participation rose as NFT buyers grew by 22.90% and sellers rose by 24.17%.
• The NFT market recorded 937,495 transactions, marking a 10.54% increase from the previous week.

NFT sales jumped 37.41% to $88.29 million, rising sharply from last week’s $65.58 million, CryptoSlam data revealed, and this increase came with 22.90% more buyers and 24.17% more sellers, while total transactions climbed 10.54% to 937,495. This week’s top-performing NFT collection, $X@AI BRC-20 on Bitcoin, soared to $23.14 million in sales, leading the market after a 1,099.81% increase, while Bitcoin also overtook Ethereum to become the leading blockchain by volume, climbing 144.41% to $29.95 million.

$X@AI BRC-20 NFT Leads Sales with High-Value Trades

$X@AI BRC-20 NFTs surged to the top with $23.14 million in sales, overtaking other collections by a wide margin. The collection only processed 12 transactions but involved 12 buyers and 12 sellers, indicating high-value trades.

The rise was largely driven by a $17.13 million transaction recorded four days ago, equivalent to 195.0081 BTC. Two more trades followed: one at $4.70 million and another at $1.32 million in the past three days.

These transactions highlighted strong value concentration within a few wallets and contributed heavily to Bitcoin’s rising dominance. The $X@AI collection’s rapid growth pushed it to the top of CryptoSlam’s charts.

DMarket on the Mythos blockchain dropped to second with $6.04 million, growing 14.37% from $5.32 million. It recorded 166,295 transactions and had 14,191 buyers and 11,431 sellers.

YES BOND on BNB secured third with $2.72 million in sales, increasing 24.76% from $2.15 million. The collection processed 2,221 transactions involving 1,872 buyers and only 2 sellers.

CryptoPunks followed in fourth with $2.69 million in volume, increasing 6.93% over the week. The Ethereum-based collection processed 31 trades involving 23 buyers and 26 sellers.

Pudgy Penguins closed the top five with $2.39 million in sales after a 52.12% jump. It logged 191 transactions from 109 buyers and 107 sellers during the period.

Bitcoin Becomes Top Blockchain with $29.95M in NFT Sales

Bitcoin overtook Ethereum to lead NFT blockchains, recording $29.95 million in sales. That figure was up 144.41% from last week’s $12.12 million.

It included $44,381 in wash trading and saw 11,948 buyers, marking a 25.29% increase. This surge aligned with the $X@AI trades.

Ethereum followed in second with $27.57 million, up 39.08% from $20.88 million. It included $3.24 million in wash trading.

Ethereum also saw growth in participation, with 23,570 buyers joining the market, a 22.13% weekly rise. It remained dominant in user volume despite the shift in sales rankings.

BNB held third place with $7.00 million in sales, falling 10.70% from $7.77 million. Still, it saw 49,296 buyers, increasing 19.95%.

Mythos Chain placed fourth with $6.17 million in volume, a 15.31% increase from $5.46 million. It recorded 34,085 buyers, a 43.58% rise.

Immutable ranked fifth with $3.26 million in volume, showing 0.73% growth. It added 6,037 buyers, up 24.09% over the week.

NFT Activity Rises as Other Chains Record Volume Shifts

Base ranked sixth after recording $3.11 million in volume, surging 111.10%. It saw 86,317 buyers and $4.87 million in wash trading.

Polygon, renamed to POL, dropped to seventh with $3.09 million, down 49.42% from $6.06 million. However, buyer count increased 34.89% to 73,483.

Solana placed eighth with $2.89 million in volume, a 2.83% increase from $2.93 million. It added 38,162 buyers, marking a 15.14% growth.

CryptoPunks #8739 and #5192 ranked among the highest NFT sales this week. They sold for $137,628 and $120,509 respectively.

These trades contributed to Ethereum’s stable presence in high-value transactions. All data cited was sourced from CryptoSlam.

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