Weekly NFT Volume Rises ~11–12% to ~$69M as Buyers Surge; Ethereum Leads

Published: 2025-12-21 01:42:11 |

NFT market activity rebounded last week, with total weekly volume rising roughly 11–12% to about $69 million, driven mainly by renewed demand on Ethereum. CryptoSlam data show buyer counts jumped ~50% to ~231k and sellers rose ~43–45% to ~165k, while transactions were flat to modestly higher. Ethereum-led NFT sales surged (around $28M; increases reported between ~36% and ~46%), including some flagged wash trading. Top chains by volume included BNB Chain (~$8.7–9.6M), Bitcoin-based NFTs (~$7.4M), Polygon (~$4.1–4.7M), Solana (~$4M), Mythos (~$3.2M), Immutable (~$3.2M) and Base (~$2M). High-value sales reported: Wrapped Ether Rock #38 (90 ETH, ~$265.6k), Beeple Spring Collection #100100001 (60 ETH, ~$186.5k), a $X@AI BRC-20 NFT (~1.7951 BTC, ~$160.3k), Autoglyphs #192 (55 WETH, ~$156.3k) and CryptoPunks #5133 (44.99 ETH, ~$131.2k). Market context: spot crypto prices softened (BTC around $88k; ETH under $3k) and total crypto market cap slipped slightly. For traders: the pickup in NFT volume and large increase in buyer participation — concentrated on Ethereum — signals improved liquidity and renewed speculative demand for NFTs, though presence of wash trades and mixed performance across chains (BNB underperformed) warrant caution when sizing positions.

Bullish

The combined reports point to a meaningful uptick in NFT demand and liquidity, especially on Ethereum. A roughly 11–12% rise in weekly volume alongside a ~50% surge in buyer counts typically supports short-term positive price pressure for NFT-related tokens and ETH (through increased marketplace activity and on-chain demand). Higher high-value sales also signal renewed collector/speculative interest. However, caveats — flagged wash trading, mixed chain performance (BNB weakness), and softer spot crypto prices — limit the strength and duration of the impact. Short-term: likely bullish for NFT floor prices and demand-sensitive assets (and modestly supportive for ETH) as traders chase liquidity and listings. Long-term: unless sustained by broader macro/crypto price recovery and genuine organic demand, the effect may fade, making the outlook contingent on follow-through in subsequent weeks.