NFT sales steady at $77M as buyer activity jumps 23% and Immutable surges
NFT sales volume held essentially flat at $77.10 million last week (up 1.77% week‑over‑week) while market participation rose sharply. Buyers increased 23.45% to 490,600 and sellers rose 15.36% to 403,483, but NFT transactions fell 18.99% to 1,100,748. Ethereum remained the largest NFT network with $27.30M in sales (down 13.6%) and notable wash trading of $4.63M; Immutable jumped to second with $8.51M (up 148.6%) as buyer counts climbed. BNB Chain, Bitcoin, Mythos, Polygon and Solana followed in rankings with mixed gains. Top collections included DMarket (Mythos) $6.73M, Guild of Guardians Heroes (Immutable‑Zk) $5.46M (up 162%), Algebra Positions (ETH) $4.47M (down 54%), and Courtyard (Polygon) $3.42M. The largest single sale was a Bitcoin BRC‑20 NFT ($X@AI) at $809,337 (8.7195 BTC); CryptoPunks sales also featured in the top five. Overall, the report signals stronger buyer engagement despite flat dollar volume and shifts in leaderboard positions across blockchains and collections—key data points for traders monitoring NFT liquidity, wash‑trade risk and cross‑chain momentum.
Neutral
The data presents a mixed picture: total NFT sales in dollar terms are essentially flat at $77.1M, which is neutral for market valuation, but buyer activity surged over 23%, suggesting improving demand and onboarding. Network rotation (Immutable jumping to second, Ethereum down 13%) and strong single‑sale events (a BRC‑20 NFT at ~$809K) indicate pockets of interest and cross‑chain momentum. However, falling total transactions (-19%) and nontrivial wash trading on some networks (Ethereum and Polygon noted) raise liquidity and data‑quality concerns. For traders this means short‑term opportunities in rising collections and chains (e.g., Immutable, Guild of Guardians Heroes) but with elevated execution and wash‑trade risk. Historically, spikes in buyer counts with flat volume can precede either renewed price discovery (bullish if sustained) or quick pullbacks if speculative demand fades. Therefore the immediate market impact is neutral: watch for continued buyer conversion into higher dollar volume, persistent leaderboard gains for Immutable/Mythos/Polygon, and any regulatory or marketplace actions on wash trading that could materially alter sentiment.