NFT Sales Drop to $84M as Ethereum Slumps, DMarket Tops
According to CryptoSlam, NFT sales volume has fallen from $98.18 million to $84.44 million week-on-week amid weakening BTC (≈$102,000) and ETH (≈$3,400) prices and a contracting $3.71 trillion global crypto market cap. Unique buyer metrics diverge: total buyers rose 23% to 626,341 in the earlier week, but fresh buyer participation plunged 96.8% to 20,302 in the latest week; sellers fell from 469,316 (+14%) to 23,241 (−95.1%), while transactions slipped by 4.2% to 1.41 million. This NFT sales downturn hit major collections: DMarket led with $5.92 million (−34%) then surged to $6.88 million (+15.9%), while CryptoPunks, Bored Ape Yacht Club and Guild of Guardians saw declines. Ethereum retained dominance with $41.72 million (+20%) then $32.97 million (−21.4%) in NFT trading volume, including over $4.6 million in wash trades. Solana and Immutable X posted modest gains; Bitcoin and Base networks saw minimal activity.
Bearish
The sharp drop in NFT sales volume and fresh buyer participation indicates waning demand and reduced liquidity, exerting downward pressure on NFT-related assets and Ethereum in the short term. Major collections’ mixed performance and a pullback in unique buyers highlight fading market interest. In the long run, continued volume contraction may further dampen trader confidence, though Ethereum’s dominant market share and emerging chains like Solana and Immutable X offer limited resilience. Overall, these metrics point to a bearish outlook for NFT markets and associated tokens.