Despite recent cryptocurrency market turbulence, the NFT sector demonstrated remarkable resilience this week, with total sales volume reaching $155.4 million - a 10.7% increase from the previous week's $132.7 million.
The surge comes at a time when Bitcoin fell 3% to $94,000 and Ethereum dropped 9% to $3,200, highlighting NFTs' ability to maintain momentum even during broader market downturns.
Ethereum-based NFT sales led the charge with $61.9 million in volume, marking a 13.09% increase. Bitcoin NFTs followed with $30.8 million, while Solana secured third place with $20.1 million in sales.
A standout performer this week was Pudgy Penguins, which saw an impressive 82.32% jump in sales to $9.2 million. The collection's success was accompanied by increased engagement, with both transaction volume and buyer numbers showing healthy growth of 50.70% and 67.39% respectively.
Notable individual sales included SuperRare #37380 at $474,710 and CryptoPunks #4757 fetching $453,894.
However, the market showed interesting dynamics with a substantial decrease in participants. The number of NFT buyers fell by 81.79% to 122,806, while sellers decreased by 73.24% to 104,090. This pattern suggests larger trades being conducted by fewer market players.
Among other notable collections, BRC-20 NFTs secured second place with $8.2 million in sales, representing a 40.78% increase. DMarket maintained its position in third place with $7.2 million in sales.
The data indicates that while overall market participation has contracted, high-value transactions continue to drive growth in the NFT space, pointing to sustained interest from serious collectors and investors.