NFT Market Revives: 11.6% Weekly Leap as Ethereum Outpaces Rivals – Markets and Prices Bitcoin News
The non-fungible token (NFT) market exhibited a noticeable resurgence in transactional activity from Feb. 15 to 22, with digital collectible purchases climbing 11.60% above the preceding week’s totals.
NFTs Rebound: 64% Buyer Spike and 49% Seller Expansion
Figures from cryptoslam.io indicate $148.18 million in NFT exchanges during this period, alongside a 64.49% expansion in NFT buyer participation and a 49.42% rise in seller engagement. Ethereum maintained its supremacy, securing $74.61 million in sales—a 25.24% elevation—while Bitcoin claimed second place with $20.75 million, despite a 26.95% contraction.
Polkadot’s Mythos captured third position at $15.37 million, succeeded by Solana’s $11.04 million (reflecting a 14.66% gain) and Polygon’s $9.25 million, which soared 24.03%. Leading the week’s collections was Mythos’ Dmarket, amassing $10.17 million, while Ethereum’s Doodles followed closely with $9.18 million.
Polygon’s Courtyard secured third among collections at $8.28 million, with Pudgy Penguins, Azuki, Milady Maker, and Lil Pudgys also demonstrating vigorous activity. The period’s most extravagant purchase—a “f(x) wstETH position #425”—commanded $435,486, outpacing Bitcoin’s WZRD BRC20 ($77,120) and Cardano’s Earthnode 551 ($65,379).
The week’s figures reflect a market recalibrating around Ethereum’s enduring clout and emergent challengers like Mythos, Bitcoin and Solana. While Bitcoin’s NFT foothold wobbled, buyer-seller growth hints at broadening participation beyond speculative flurries. Collections like Doodles are still absorbing positivity from their recent token airdrop announcement.
