Nft sales declined by 28.4% last week, falling to $98.18 million, according to CryptoSlam data.
Despite the drop, overall market activity remained strong, with the number of nft buyers rising 22.9% to 626,341 and sellers increasing 13.5% to 469,316. Total transactions slipped slightly, down 5.1% to 1.46 million.
The broader crypto market also saw modest declines, with total capitalization falling from $3.75 trillion to $3.71 trillion over the week and it is already calming further.
Top collections show diverging trends
DMarket on the Mythos blockchain retained first place with $5.92 million in sales, despite a 34% decline from the previous week. The platform processed 209,894 transactions from 17,852 buyers. At a time of publishing Mythos remains a leader, with a more modest interest to it however, $1,027,604 in sales.
Pudgy Penguins rose 21% to $4.85 million, while Guild of Guardians Heroes on Immutable-Zk increased 11% to $3.88 million and taken DX Terminal on Base from second place at $5.62 million, down 18.2%, with 294,979 transactions recorded, is currently out of the Top 5 Collections.
CryptoPunks reentered the top six with $3.79 million in sales, up nearly 50%, though transaction volumes remained low at 21.
Bored Ape Yacht Club (Ethereum) surged 44.50%, jumping to $5.22 million in sales, currently at $448,328. The collection registered just 17 transactions with ten times less than few days prior, 16 buyers and 15 sellers.
You can specifically compare how this tendency changed over the weekend.
Blockchain performance highlights
Same happened with Blockchain.
Ethereum strengthened its dominance with $41.72 million in nft sales, up 19.7% from the previous week, recording 54,401 buyers. Bitcoin followed with $11.55 million in sales, down 11.5%, yet buyers increased 36%.
Base saw sales of $10.36 million, up 7.3%, while Immutable climbed to $6.56 million, up 12.5%. Solana posted a 30% increase to $6.16 million, reflecting growing adoption, while Mythos Chain fell 33% to $6.09 million, despite a 39% rise in buyers. BNB Chain rounded out the top seven with $5.25 million, slightly down from last week, with a 33% increase in buyers.
Market takeaways.
The NFT market has seen a strong rebound, with total capitalization rising to $9.3 billion a 40% jump from July, driven largely by Ethereum’s recent surge past $4,600. Since most NFTs are built on Ethereum’s blockchain, the cryptocurrency’s momentum directly supports higher valuations and increased trading activity.
Leading collections are driving much of this growth. CryptoPunks remains the market leader at $2.4 billion, while Bored Ape Yacht Club (BAYC) and Pudgy Penguins hold $602 million and $591 million, respectively. Notably, Pudgy Penguins recently topped weekly trading volumes, reflecting the impact of strategic innovations like expanding into physical merchandise a move that helped the project recover from near-bankruptcy in 2022.
Even corporate players are taking notice; blockchain firm BTCS Inc. recently added Pudgy Penguins to its treasury, signaling broader institutional interest.
This renewed activity shows a broader trend: NFTs are evolving beyond speculative collectibles into a diverse ecosystem of digital assets with real-world connections and growing market significance. Understanding this context is essential as we explore how NFTs are shaping investment strategies and influencing the wider crypto landscape.
The data suggest a nuanced market: while total sales are declining, user participation continues to expand. Popular collections such as Bored Ape Yacht Club and CryptoPunks show strong resilience, and rising activity across multiple blockchains indicates shifting engagement patterns in the nft space
Matvii Diadkov
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