The NFT market posted another strong week, with total sales volume across 21 blockchains reaching $277.79 million, a 16.8% increase from the previous week. The gain builds on the prior week’s 3.74% uptick, suggesting that digital collectibles continued to recover in dollar terms even as activity became increasingly concentrated in a smaller set of assets and networks.
Ethereum was the clear leader during the seven-day period. NFT sales on the network climbed to $148.49 million, representing a sharp 99.08% jump week over week. That performance put Ethereum well ahead of every other blockchain tracked in the report and reinforced its role as the primary venue for high-value NFT trading.
Ethereum widens the gap over competing chains
Behind Ethereum, Bitcoin ranked second with $52.97 million in NFT sales. However, Bitcoin-based NFT activity moved in the opposite direction, slipping 20.67% from the previous week. Solana followed in third place with $39.84 million in sales, also posting a decline of 21.16%.
Further down the rankings, Polygon recorded $8.23 million in weekly NFT sales, down 20.23%. Mythos was one of the few chains to register growth, rising 11.43% to $6.23 million. Taken together, the data shows a market where capital rotated strongly back toward Ethereum, while several other major ecosystems experienced softer conditions.
Top collections drive weekly momentum
Collection-level data helps explain the surge. The best-performing NFT collection of the week was Pandora on Ethereum, which generated $56.78 million in sales. That made it the standout performer by a wide margin and a major contributor to Ethereum’s broader weekly dominance.
The second-highest collection was also on Ethereum: Nobody, which posted $15 million in sales. In third place was the Bitcoin-based Uncategorized Ordinals compilation with $13.65 million. Dmarket on Mythos ranked fourth for the week, while Gods Unchained on Immutable X rounded out the top five. The leaderboard indicates that high-value trading was concentrated in a relatively small number of collections, especially those with strong brand recognition or active speculation.
Fewer participants, larger concentration of value
One of the most striking aspects of the weekly figures is the disconnect between rising sales volume and falling participant counts. According to the data, the number of NFT buyers plunged 80.74%, while the number of sellers fell 78.71%. In practical terms, that suggests a much narrower market, with a smaller pool of participants accounting for a larger share of total value.
This pattern can signal that headline volume growth is being driven less by broad-based demand and more by a concentration of expensive trades. When overall dollar volume rises while user counts collapse, the market may be leaning heavily on whales, premium collections, and a limited set of transactions rather than widespread retail participation.
High-ticket sales remain a key feature of the market
The week’s largest individual NFT sale came from the Bored Ape Yacht Club collection. BAYC #1726 sold for $668,297 two days before the report. The second-largest sale was a Bitcoin Honey Badgers NFT at $110,256. The third-highest sale came from BNB Chain, where Lockdealnft changed hands for $61,793.
The fourth- and fifth-largest sales were recorded on Solana and Avalanche, respectively, highlighting that notable transactions were still spread across multiple ecosystems even though Ethereum dominated the broader volume rankings.
What the weekly numbers suggest
The latest data paints a mixed but revealing picture of the NFT sector. On one hand, total sales value improved materially, and Ethereum nearly doubled its weekly volume, underscoring continued demand for blue-chip and high-visibility digital collectibles. On the other hand, the steep drop in buyer and seller counts suggests the rebound was not broad-based.
For now, the NFT market appears to be driven by concentration rather than expansion: fewer participants, larger trades, and stronger performance from select collections on major chains—especially Ethereum. If future weeks bring both rising sales and recovering participant numbers, that would point to a healthier and more durable recovery. In the current snapshot, however, the strongest signal is clear: Ethereum dominated NFT trading this week, and top collections were the main engine behind the market’s 16.8% rise.