Ethereum

Guild of Guardians

Solana

Immutable

Gods Unchained

The NFT market saw a significant boost in activity this week, with a 48% rise in buyers and several high-profile sales. 
In an eventful week for the <a href="https://crypto.news/tag/nft/" target="_blank" rel="noreferrer noopener">NFT market</a>, the Ethereum (<a href="https://crypto.news/price/ethereum/" target="_blank" rel="noreferrer noopener">ETH</a>) and Solana (<a href="https://crypto.news/price/solana/" target="_blank" rel="noreferrer noopener">SOL</a>) blockchains maintained their dominance, with digital collectibles on these chains seeing significant sales and capturing the attention of buyers and sellers alike. 
<a href="https://www.cryptoslam.io/" target="_blank" rel="">According</a> to data from CryptoSlam!, the NFT landscape saw notable growth, with overall sales volumes reaching $107,965,224, marking a 7.05% increase from the previous week. 
The rising number of buyers and sellers also reflected the overall health of the market. This week, more than 721,000 buyers entered the market, a 48.05% increase, while nearly 263,000 sellers represented a 32.74% rise. 
The total number of NFT transactions also saw a boost, reaching 2,870,607, a 10.69% increase on the week. 
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<h2 class="wp-block-heading" id="blockchain-highlights">Blockchain highlights</h2> 
As shown in the snapshot below from CryptoSlam, Ethereum remained the top blockchain by NFT sales volume, generating $32.6 million in sales, a 7.54% increase over the week. 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXcdPJhKD0Ng5Q8_g2__Cdw-_P-2SCb_3gZgVpuKvPVWAiBFKR_CQ1mlQR44L9V0qR8fWHHsVK4Kr2hD_AMl77yMcfet-3ymr-6_5g1oT7UqhJH1SnCV2YNQlPBKwID7WO9mFr-jr1ZE-nX68TMx7sRl9z7Q?key=7sNhokpgsL6Qws8AjsOhLw" alt="NFT market week in review: surge in activity and notable sales drive market momentum - 5">
 <figcaption class="wp-element-caption">
 Blockchains by weekly NFT sales volume | Source: <a href="https://www.cryptoslam.io/" target="_blank" data-type="link" data-id="https://www.cryptoslam.io/" rel="">CryptoSlam</a>
 </figcaption>
</figure> 
Despite the growth, wash trading on the network accounted for 18% of the total sales volume. Additionally, the blockchain recorded 46,043 buyers, a 30.63% increase from the previous week. 
Solana followed closely with $26,710,307 in sales, experiencing a 14.76% rise. The blockchain saw a remarkable 53.33% increase in buyers, totaling 289,036. Its wash trading volume constituted 5.4% of its total sales. 
Bitcoin (<a href="https://crypto.news/price/bitcoin/" target="_blank" rel="noreferrer noopener">BTC</a>) maintained third position, even as it registered a nearly 17% drop in sales volume to rake in $17,417,258. Interestingly, the number of NFT buyers on the network increased by 46.47% to 35,091. 
In fourth spot, Polygon (<a href="https://crypto.news/price/polygon/" target="_blank" rel="noreferrer noopener">MATIC</a>) generated $11.3 million in sales, with a notable 31.49% increase. NFT buyers on the blockchain rose by 48.75% to 147,368, while wash trading was relatively low at 2.39%. 
Immutable (<a href="https://crypto.news/price/immutablex/" target="_blank" rel="noreferrer noopener">IMX</a>) stayed in fifth place for the second week running. It witnessed about $6.7 million in sales, up 21.26%, with buyers increasing by 39.33% to 14,419.&nbsp; 
Furthermore, the blockchain had the least amount of reported wash trading among the top 5 NFT networks by sales volume, at only $397. 
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<h2 class="wp-block-heading" id="top-nft-collections">Top NFT collections</h2> 
Regarding best-performing NFT collections, the Solana Monkey Business collection on Solana led the rankings with $4,630,626 in sales, followed by DMarket on Mythos with $4,174,797.&nbsp; 
The DogeZuki Collection on Solana also made notable gains, securing $3,246,797 in sales. The Guild of Guardians Heroes on Immutable-Zk saw an astonishing 264.18% increase, generating $3,012,724. 
Gods Unchained Cards on Immutable rounded out the top five with $3,006,298 in sales, a 17% dip from the previous week. 
<h2 class="wp-block-heading" id="notable-nft-sales">Notable NFT sales</h2> 
Several high-profile NFT sales made headlines this week: 
<ul class="wp-block-list"> 
 <li>ORDI BRC-20 NFT sold for a staggering $877,068.09 (13.0294 BTC).</li> 
 <li>Uncategorized Ordinals NFT fetched $297,102.89 (4.454 BTC).</li> 
 <li>CryptoPunks #335 sold for $164,170.73 (49.99 ETH).</li> 
 <li>CryptoPunks #9825 changed hands for $130,938.00 (38 ETH).</li> 
 <li>CryptoPunks #3613 sold for $128,868.50 (37 ETH).</li> 
</ul> 
<h2 class="wp-block-heading" id="market-insights">Market insights</h2> 
Some market <a href="https://x.com/i/broadcasts/1YpKklXmWjYGj" target="_blank" rel="">analysts</a> have attributed the surge in activity to growing investor confidence and increased interest in digital collectibles. The rise in unique buyers suggests a broadening base of participants, indicating healthy market growth. 
However, the high levels of wash trading on certain blockchains raise concerns about market manipulation and the need for better regulatory oversight. 
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NFT market week in review: surge in activity and notable sales drive market momentum

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