After a dip earlier this month, the global NFT market has rebounded sharply—with total weekly sales rising to approximately $125 million, marking an 8.2% increase over the previous week.
This growth signals renewed investor confidence after back-to-back weekly declines. According to on-chain data from CryptoSlam, Immutable (IMX) led the pack with standout performance—recording $33.3 million in weekly sales, a 15.3% increase over the prior week. Following closely was Ethereum-based NFTs, reaching $25.6 million in sales, a dramatic rise of 31.8%, while wash trading on Ethereum decreased by 14.2%, indicating a shift toward more genuine market activity.
Meanwhile Polygon, which previously held second place, dropped to third, with sales around $16 million, down roughly 28–29% week‑over‑week. Other chains, including Mythos and BNB Chain, also contributed—with Mythos generating about $14 million and BNB Chain at $9 millionin weekly sales.
The total number of NFT buyers remained robust—exceeding 1 million participants, while sellers and transaction counts also picked up . This enhanced activity suggests a more mature and engaged ecosystem, moving beyond speculative mania toward real utility and community-driven collections.
What it means going forward
This rebound may reflect a rebalancing after the mid‑June slump (weekly sales fell to ~$117 million just one week prior) . It underscores that while some hype-driven segments, especially art NFTs, continue to struggle, sectors anchored in gaming, utility, and blockchain innovation—like Immutable—are thriving.
If this pace continues, Q2 NFT sales could exceed $1.3 billion, aligning with recent quarterly projections. The market appears to be entering a phase of steady recovery, with a renewed focus on sustainable value and broader blockchain integration.
