Weekly NFT Volume Falls ~4.7% to $63.5M as Buyers and Sellers Jump; Bitcoin NFTs Surge

Published: 2025-12-28 05:26:37 |

CryptoSlam data show weekly NFT market volume slipped about 4.7% to $63.52M even as participation rose sharply: buyers +27% to ~303,400 and sellers +26% to ~213,800, while transactions fell ~7%. Chain-level shifts were notable — Ethereum volume dropped roughly 24–25% to about $20.4M, Bitcoin-chain (BRC-20 / ordinals) climbed strongly (up ~50–335% in different reports) to roughly $12M, Polygon rose to ~$5.6M and BNB Chain declined to ~$7.8M. Leading collections included DMarket (Mythos) and Courtyard (Polygon) in earlier data, while high-ticket sales this week featured an X@AI BRC-20 NFT at ~$1.92M (21.7344 BTC) and CryptoPunks changing hands for ~$110–118K. Ethereum still accounts for the largest single-network volume but showed signs of wash-trading (estimated ~$3.5M in one report) and a week-over-week decline. Key takeaways for traders: aggregate dollar volume was relatively stable but liquidity concentrated in pockets — strong rotation toward Bitcoin ordinals/BRC-20s and high-throughput L2 collections; rising buyer/seller counts suggest renewed retail engagement. Traders should monitor Bitcoin NFT momentum, collection-level liquidity, cross-chain flow (L1/L2 reallocations), and wash-trade adjustments on Ethereum when sizing positions or pursuing short-term NFT plays.

Neutral

The combined reports point to a mixed but non-directional market signal. Weekly dollar volume fell modestly while buyers and sellers increased substantially, indicating higher participation but fragmented liquidity. Bitcoin-chain NFTs (BRC-20/ordinals) showed strong relative gains and several high-ticket sales, which is bullish for BTC-linked NFT demand and could support short-term BTC flow into ordinals-related activity. However, Ethereum — still the largest network by volume — saw notable declines and reported wash-trading adjustments, which cloud the quality of volume and reduce clarity around genuine demand on ETH. For traders this implies limited immediate directional pressure on major crypto prices: the news supports selective, collection-level trading opportunities (short-term bullish for Bitcoin NFTs and certain L2 projects) but not a broad market rally. Risk remains from concentrated liquidity, potential wash-trade distortions, and the possibility of profit-taking that could reverse short-lived moves.