NFT Market Rebounds: 64% Buyer Spike and 49% Seller Expansion

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%

The NFT market saw a significant uptick in activity last week, with digital collectible purchases surging 11.60% higher than the previous week’s totals, according to data from cryptoslam.io.

NFT exchanges clocked in at $148.18 million between Feb. 15 and 22, alongside a 64.49% expansion in NFT buyer participation and a 49.42% rise in seller engagement.

Ethereum maintained its market lead, securing $74.61 million in sales — a 25.24% increase — while Bitcoin claimed second place with $20.75 million, despite a 26.95% contraction.

Polkadot’s Mythos NFT captured third position at $15.37 million, followed 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 strong 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 new competitors like Mythos, Bitcoin, and Solana.

While Bitcoin’s NFT presence wavered, buyer-seller growth suggests broader participation beyond speculative flurries. Collections like Doodles continue to ride the wave of positivity from their recent token airdrop announcement.