NFT Market Rebounds as Bitcoin Transactions Drive Volume

Ethereum remains the dominant force in the space, recording $19.59 million in sales and capturing roughly 41.6% of the global market. Despite this leadership, the most significant momentum originated from the Bitcoin network, where sales jumped 132.05% to $8.25 million. This surge was largely bolstered by a single $8,888 BRC-20 transaction that fetched nearly $2.97 million, accounting for more than a third of the network's weekly volume.

Market data from CryptoSlam shows a sharp rise in participation, with buyer addresses climbing 252.23% to 107,061. This expansion contrasts with a 32.35% decline in total transactions, suggesting that while fewer trades are occurring, the individual value of these exchanges has increased significantly. Polygon followed in second place with $8.38 million in sales, while BNB Chain and Immutable rounded out the top five. Among specific collections, the Courtyard project maintained its lead with $7.68 million, closely followed by BRC-20 assets and Ethereum's Argonauts.