Weekly NFT volume drop small ~4.7% to $63.5M as buyers and sellers increase; Bitcoin NFTs dey surge
CryptoSlam data show say weekly NFT market volume drop small — about 4.7% to $63.52M — even as participation waka up well: buyers +27% to ~303,400 and sellers +26% to ~213,800, while transactions drop about 7%. Chain-level move dem notable — Ethereum volume fall like 24–25% to about $20.4M, Bitcoin-chain (BRC-20 / ordinals) climb strong (reports show up ~50–335%) to roughly $12M, Polygon come up to ~$5.6M and BNB Chain drop to ~$7.8M. Leading collections na DMarket (Mythos) and Courtyard (Polygon) for earlier data, and big-ticket sales this week include X@AI BRC-20 NFT around ~$1.92M (21.7344 BTC) and CryptoPunks sell for about ~$110–118K. Ethereum still get the biggest single-network volume but e show signs of wash-trading (estimated ~$3.5M in one report) and week-over-week decline. Key points for traders: total dollar volume steady small but liquidity dey concentrated for pockets — strong rotation to Bitcoin ordinals/BRC-20s and high-throughput L2 collections; rising buyer/seller counts mean retail people dey come back. Traders should dey watch Bitcoin NFT momentum, collection-level liquidity, cross-chain flow (L1/L2 reallocations), and wash-trade adjustments on Ethereum when dem dey size positions or chase short-term NFT plays.
Neutral
Di combine report dey show mixed but no clear direction for market. Weekly dollar volume small small drop but buyers and sellers plenty more, meaning more people dey participate but liquidity scatter. Bitcoin-chain NFTs (BRC-20/ordinals) give strong relative gains and some big-ticket sales, which good for BTC-linked NFT demand and fit support short-term BTC flow into ordinals activity. But Ethereum — still di biggest network by volume — see notable declines and report wash-trading adjustments, wey cloud di quality of volume and make am hard to know real demand on ETH. For traders this mean limited immediate directional pressure on major crypto prices: di news support selective, collection-level trading opportunities (short-term bullish for Bitcoin NFTs and certain L2 projects) but no broad market rally. Risk still dey from concentrated liquidity, possible wash-trade distortions, and chance of profit-taking wey fit reverse short-lived moves.