The NFT market is currently showing conflicting trends, as interest from buyers climbs even while overall spending declines. According to data from CryptoSlam, total NFT sales volume over the past seven days fell by 7.87%, reaching around $99.9 million. At the same time, the number of NFT buyers surged by 24.38% to 560,845, indicating growing interest in digital collectibles despite reduced average transaction value.
The number of sellers also increased, up 15.66% to 327,295, but overall transaction volume slipped by 9.12%, settling at approximately 1.44 million. The data suggests a broader base of user participation, though at lower price points or smaller trades.
Ethereum Still Leads, Despite Sharp Decline
Ethereum remains the leading blockchain for NFT sales, but its dominance is weakening. Sales on the Ethereum network dropped 21.3%, totaling $25 million for the week.
Polygon held the second position with $16.9 million in sales, down 6.16%, followed closely by Bitcoin, which saw $16 million in NFT transactions—a 12% decrease. Mythos Chain was a standout, with a 1% increase, totaling $13.8 million, while Solana posted the strongest growth among the top chains, jumping over 16% to $9.9 million.
Top Collections: Courtyard Takes the Lead
On the collections front, Courtyard on Polygon claimed the top spot with $15 million in weekly sales, despite a 4.26% dip. DMarket retained its position at number two with $8.6 million, showing a slight 1.95% gain.
Some major collections faced steep declines. Guild of Guardians Heroes experienced a 48% drop, while CryptoPunks fell over 43.6% to just $3.56 million in sales.
The NFT space is seeing an interesting shift: participation is rising, but investors are spending less. This could signal a healthier, more diverse user base — or a temporary cooling-off period. As newer chains like Mythos and Solana gain momentum, the evolving market dynamics will be worth watching.
