NFT Market Activity Remains Split as Ethereum and Bitcoin-Based Collections Rebound

• Ethereum and Bitcoin NFTs showed strong weekly gains in sales and user activity.
• Courtyard led in sales but saw major declines in all engagement metrics.
• Avalanche and Immutable-ZK projects posted weak or mixed performance.

The NFT market is showing signs of changing momentum across major blockchains, with several collections posting strong recoveries while others continue to decline. Sales volume data from the past seven days shows inconsistent activity patterns among the top 10 NFT projects, reflecting renewed interest in select collections and persistent volatility in others.

CryptoPunks, one of Ethereum’s most recognized NFT collections, recorded an increase in weekly sales. The collection brought in $8.19 million, marking a 124.16% increase from the prior period. Although only 53 transactions occurred, the rise in buyer and seller activity signals renewed attention from participants. The spike in sales volume places CryptoPunks among the top three collections by total value despite its limited trade count.

Ethereum-based Pudgy Penguins grew strongly, climbing 88.21% to $3.17 million. The increase was backed by higher participation from both buyers and sellers. Bored Ape Yacht Club, another Ethereum collection, ended the week with $2.1 million in sales, up 43.97%. Its metrics improved across all categories, indicating a brief resurgence in market activity.

NFTs on the Bitcoin network displayed strong weekly performance. BRC-20 NFTs climbed 103.31% to $7.3 million in total sales, accompanied by increased transactions, buyers, and sellers. With sales increasing by 96.91% and transactions by 69.47%, the Taproot Wizards indicate that Bitcoin-related NFTs are gaining traction.

Top-Ranked Collection Sees Sales Drop Despite Lead Position

Courtyard, a Polygon-based project, maintained its position as the top-selling NFT collection for the week with $9.96 million in volume. However, this figure shows a 43% decline from the previous week. The collection also saw reduced engagement, with fewer transactions and lower buyer and seller numbers. Despite holding the top rank, the drop reflects broader caution among participants.

Mythos-based DMarket followed with $8.41 million in sales. The number of sales fell by 18.6%, and there were 11.2% fewer sellers. The decrease in statistics indicates that many individuals participate in fewer events, despite the sports’ popularity.

Avalanche and Immutable-ZK Show Varied Results

XSY Deposit on Avalanche experienced the biggest decline among the top 10, falling 49.59% to just under $1 million. The project recorded only 15 transactions, with one buyer and one seller involved, marking minimal weekly activity.

Guild of Guardians Heroes raised $5.9 million this week, though there were fewer buyers and deals than before. The Guild of Guardians Avatars trade brought in $2.57 million, although the number of sellers decreased, hinting at a mild reduction in the trade.

Generally, the report points to inconsistent progress among different NFTs. The activities and sales of Bitcoin and Ethereum projects grew, whereas many projects built on different chains saw their daily activities and trading volumes drop.