NFT Market Sees Sharp Rise in Buyers and Sellers

Weekly NFT trading hit $158 million as Ethereum led with over $98 million in volume despite mixed performance across networks.

BTC
ETH
NFT

Summary

The NFT market recorded a 5.02% weekly increase in trading volume to $158 million, with buyers jumping 126.93% to 382,881 and sellers rising 124.15% to 341,290. Ethereum led with $98.95 million in transactions, up 20.31% week-over-week. In contrast, Base network volume declined 6.15% to $14.16 million, while Bitcoin NFT volume fell 29.6% to $9.87 million. High-value sales included Bored Ape Yacht Club #1878 at $1.65 million and multiple CryptoPunks trades near $190,000 each.

Terms & Concepts
  • Ethereum: A leading blockchain platform widely used for NFTs, decentralized applications, and smart contracts.
  • Bored Ape Yacht Club (BAYC): A popular NFT collection featuring unique cartoon apes, often associated with high-value digital collectibles.