Ethereum has significantly boosted the NFT market, with weekly trading volume climbing 44.90% to $78.82 million as of February 16, 2026, according to CryptoSlam data. The Ethereum blockchain alone accounted for $56.65 million in sales, marking a 78.23% increase from the previous week and representing 72% of the total NFT market activity. The number of NFT buyers surged by 419.76% to 117,295, while sellers increased by 408.56% to 109,789, with transactions rising 23.09% to 790,360. The Flying Tulip PUT collection on Ethereum led the market with $42 million in sales over the past week, a 320.69% increase, accounting for 53% of the total NFT market volume. Other notable blockchain performances included Base with $5.78 million in sales and Bitcoin with $5.39 million. High-value individual sales were dominated by a Bitcoin BRC-20 NFT, which sold for $328,024.95, and several CryptoPunks transactions, highlighting Ethereum's continued influence in the NFT space.