This week marked a positive turn for the non-fungible token (NFT) market, with sales climbing more than 17% after a period of decline. The total sales reached $145.3 million, involving nearly 230,000 active buyers and sellers.
Bitcoin (BTC) Network
Leading the charge in NFT sales among blockchains, the Bitcoin network achieved $47.74 million in sales—a notable rise of 50.33% from the previous week. The network also registered more than $39,000 in wash trading, an increase of 15.39%. Despite the improved sales volume, the Bitcoin NFT space saw a nearly 96% drop in the number of active buyers, with only 2,056 addresses participating in the week’s trading.
Ethereum (ETH) Blockchain
Following closely in weekly NFT sales volume was the Ethereum blockchain, which recorded over $35 million in sales between June 2 and June 8, according to CryptoSlam data. In the prior week, Ethereum had the highest NFT sales volume at $37.43 million, but this week’s figures represented a slight 0.31% decline, relegating Ethereum to the second position. Ethereum’s wash trading numbers decreased by about 6.87% to $24.7 million. The network remained more active than Bitcoin in terms of buyers, with over 15,000 participants in NFT transactions, though this number represented a 59.67% drop from the previous week.
Polygon (MATIC)
Polygon NFT sales experienced a significant increase, jumping by more than 22% to $19.63 million.
Solana (SOL)
Solana held fourth place with $18.225 million in sales, which was a decline of 4.53%.
Immutable X (IMX)
Immutable X followed with a sales surge of 13.15%.
Overall, this week has shown renewed activity and interest in the NFT market, with various blockchains experiencing shifts in their sales volumes and participant engagement.
