News:
The global NFT market experienced a notable cooldown this week as total sales volume slipped by 15.72% to $64.95 million, down from $77.1 million the previous week, according to CryptoSlam data. Market participation weakened sharply, with NFT buyers dropping by 68.41% to 154,955 and sellers declining by 71.48% to 115,051. Overall NFT transactions also fell 13.25% to 940,713.
Despite the broader downturn, Solana emerged as a standout performer, recording a strong 44.54% increase in NFT sales, reaching $5.54 million. Ethereum maintained its dominance with $23.93 million in weekly sales, although this reflected a 10.88% decline. BNB Chain secured second place with $9.44 million in volume, gaining 21.18%, while Bitcoin NFTs generated $6.10 million in sales, marking a 21.20% drop.
Among leading collections, DMarket on the Mythos blockchain retained the top position with $4.5 million in sales but saw a 40.45% weekly decline. Other major performers included Algebra Positions NFT-V2 ($2.39M), Courtyard Polygon ($2.18M), and YB BONK on BNB Chain ($2.04M), while CryptoPunks earned $1.77M despite a 13.87% fall.
Although the NFT sector faced reduced activity, resilience across select blockchains and standout ecosystem performance—especially Solana’s rally—highlight continued market interest and evolving investor sentiment.
