The NFT market is experiencing a significant upswing, with weekly sales volume reaching $85.97 million, marking a 10.10% increase over the last seven days. This surge comes after a slower performance in late September, showing renewed momentum in the digital collectibles space.

A Rise in Buyers, A Decline in Sellers

NFT buyer numbers have jumped by 21.73%, reaching 794,763, while the number of sellers has dropped to 377,711. This suggests growing interest in acquiring NFTs, with more buyers entering the market while sellers pull back.

Supporting the rise in sales, the number of NFT transactions has surged by an impressive 64.72%, with over 1.29 million transactions recorded in just a week.

Ethereum Takes the Lead

Ethereum continues to dominate the NFT landscape, securing the top spot with $27.48 million in sales. However, $3.3 million of this volume came from wash trading. Despite this, Ethereum’s buyer count grew by 12.49%, with 55,859 individuals purchasing NFTs on the network.

Bitcoin ranked second with $12.62 million in sales, though this reflects a 40% drop from the previous week. Solana closely trailed Bitcoin, securing the third spot with $11.8 million in sales. Both networks also saw wash trading, with Bitcoin and Solana accounting for $887,810 and $701,810, respectively.

Top NFT Collections: DMarket Shines

DMarket emerged as the leader among NFT collections, generating $11.29 million in sales from 396,801 transactions. Guild of Guardians claimed second place with $3.19 million in sales, followed by Ethereum-based CryptoPunks, which recorded $2.89 million.

The highest NFT sale was Autoglyphs #209, which fetched $240,347.95 (99 ETH). Other significant sales include Known Origin #70104, selling for $200,000, and Beeple Special Edition #100030016, which sold for $123,542.80.

As the NFT market continues to evolve, the rise in buyer activity and sales volume highlights its resilience, with Ethereum still at the forefront of the digital collectibles space.