NFT Sales for August Don Up 4.3% to $599M; Ethereum Don Hold 48% Share
NFT sales reach $598.8 million for August, increase 4.3% from July wey do $574 million. Dis one be di second highest monthly NFT sales volume for 2025, only January wey reach $679 million pass am. Data from CryptoSlam wey cover 23 blockchains show say Ethereum lead with $286 million for NFT sales (47.8% share). BNB Chain follow with $69.9 million (11.7%), then Polygon $67.6 million, Bitcoin $60.2 million, Solana $31.3 million and Immutable $30.2 million. Base chain data no dey available for August. Di small rise for NFT sales show say market demand steady. Traders suppose dey watch Ethereum NFT activity for better understanding of liquidity and general market trends.
Bullish
Di 4.3% month-to-month increase wey happen for NFT sales, wey reach second highest level for 2025, e show say demand still dey strong for NFT market. Ethereum market share wey near 48% e clear say e still dey domnate and e mean liquidity still dey for network. Normally, wen NFT sales volume increase, e dey relate to more trader activity for related tokens and platforms. Short-term, dis increase fit boost trading volumes and prices of NFT-linked tokens. For long-term, steady growth go support ongoing investment for Ethereum and layer-2 ecosystems. Past similar surges for NFT sales often come before wider market rallies, wey show say outlook for NFT sectors na bullish one.