Ethereum has reclaimed its position as the leading blockchain for NFTs, with weekly sales soaring 70% to $12.51 million. This resurgence is part of a broader market recovery, as total NFT transactions jumped 163.63% to over 2 million, indicating renewed user engagement. Major collections like CryptoPunks have shown strong rebounds, contributing to the overall market volume reaching $44.58 million.
The increase in Ethereum's NFT sales is driven by higher transaction intensity, with the number of buyers rising to 5,449. Across the market, buyer participation grew by 19.03% to 269,408, while sellers increased by 12.06% to 315,062. Other blockchains like Bitcoin and Polygon also showed significant activity, with Bitcoin recording $11.74 million in sales and Polygon posting $6.85 million.
At the collection level, Ethereum-native collections are experiencing a clear recovery, with CryptoPunks generating $1.15 million in weekly sales. This trend underscores a shift towards established collections and utility-focused NFTs, supported by Ethereum's liquidity depth and mature infrastructure.
Ethereum NFT Sales Surge 70% to $12.51M Amid Market Recovery
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