The recent selloff across the crypto market is now spilling into the NFT sector. Over the past seven days, NFT sales volume across 16 blockchains fell 42.85% from the previous week, signaling that digital collectible markets are feeling the effects of the broader downturn.
Major chains post weaker NFT activity
Ethereum saw the biggest hit among leading networks, with NFT sales volume dropping 44.83% on a weekly basis. Even so, Ethereum remained the clear market leader, generating $828.7 million in NFT sales out of a total $939.8 million recorded over the same seven-day period. That gives Ethereum an 88.17% share of the market.
Other major chains also recorded declines. Solana NFT sales fell 19.65%, Polygon dropped 35.63%, Flow slipped 36.19%, and Avalanche declined 29.26%. Tezos stood out as an exception, with NFT sales rising 51.09% compared with the prior week.
Top collections show diverging momentum
At the collection level, Otherdeed led the market with $189.3 million in weekly sales. However, that figure was still down 71.39% from the week before. Projectpxn ranked second with $89.6 million in sales. Beanz was one of the strongest performers, generating $68.4 million and posting a 193.53% weekly increase, highlighting a growing split between leading projects even as the broader market weakens.
High-value NFT deals continue
Despite the slump, high-ticket NFT transactions are still taking place. The most expensive sale of the week was Bored Ape Yacht Club 17, which sold for 410 ETH, or about $1.12 million. It was followed by Otherdeed 33 at roughly $979,000, and Ken Hicks, which changed hands for 332.52 ETH, or around $849,000. Otherdeed 54, Otherdeed 66,813, and Otherdeed 26 also posted sales in the high six-figure range.
Overall, NFT markets appear to be moving in step with the broader crypto decline. Trading activity has cooled sharply, but Ethereum still dominates the sector, while a handful of chains and collections continue to show pockets of resilience.