NFT sales surge by 22%, reaching $107 million, with Pudgy Penguins making a comeback
The NFT market is on the mend, boasting a 22.43% increase in sales volume to $107.1 million. This uptick is thanks to a rebound in buyer and seller counts, with a 33.82% surge in buyers to 523,950 and a 20.75% rise in sellers to 269,713. Transactions have also gained momentum, jumping 22.68% to 1,711,931.
This recovery could be linked to the recovery of Bitcoin's price, now at $96,000, and Ethereum, which has shown a 1.6% recovery in the last seven days, hovering at the $1,800 level. The global crypto market cap is now $3 trillion, up from last week's $2.97 trillion.
Ethereum remains the leader in blockchain NFT sales, posting $26.3 million—a 10.03% increase from the previous week. Polygon, Mythos Chain, and Bitcoin follow in close succession, with Solana rounding out the top blockchains.
In collection rankings, Courtyard on Polygon has reclaimed the top spot, with sales skyrocketing 98.93%. DMarket, Guild of Guardians Heroes, DKTNFT on BNB Chain, CryptoPunks, and Pudgy Penguins occupy the remaining top spots.
Notable high-value sales this week include Pudgy Penguins #6873, which sold for 200 WETH ($360,238), CryptoPunks #6472 (144 ETH ($264,271)), CryptoPunks #2892 (125 ETH ($231,157)), BOOGLE #5DmKCchdChjStzLdsRVLMdSYzfB4w1ecdL5 (1,400.02 SOL ($203,520)), and Autoglyphs #168 (85 ETH ($155,713)).
Meanwhile, Senator Lummis recently claimed that Trump supports a bill calling for a strategic 1 million Bitcoin reserve. The complex relationship between the NFT market, Bitcoin, and Ethereum continues to evolve, though direct causation remains unclear.
Insights indicate a potential decoupling trend, where utility-focused NFTs gain traction independent of speculative crypto trading. However, Ethereum's role as the primary NFT blockchain means its gas fees and network activity remain crucial variables. While crypto prices may have an impact on NFT activity, the 2025 data suggests a growing emphasis on operational factors, such as fees and user interfaces, in shaping the market.
- The NFT market's sales volume reached $107.1 million, representing a 22.43% increase, due to a rebound in buyer and seller counts.
- The number of buyers surged by 33.82%, reaching 523,950, while sellers increased by 20.75%, amounting to 269,713.
- Transactions also showed a significant leap, jumping 22.68% to 1,711,931.
- The recovery trend could be linked to the rising prices of Bitcoin and Ethereum, with Bitcoin now valued at $96,000 and Ethereum at $1,800.
- The global crypto market cap has risen to $3 trillion from its previous figure of $2.97 trillion.
- Ethereum remains the leader in blockchain NFT sales, posting a 10.03% increase to $26.3 million.
- Notable high-value sales this week include Pudgy Penguins #6873, which sold for 200 WETH ($360,238), and CryptoPunks #6472, which fetched 144 ETH ($264,271).
- Senator Lummis recently asserted that Trump supports a bill proposing a strategic 1 million Bitcoin reserve.
- Insights suggest a potential decoupling trend, where utility-focused NFTs may gain traction independently of speculative crypto trading, but Ethereum's gas fees and network activity continue to play crucial roles.
