The NFT market is experiencing a strong rebound! Weekly sales soared by 41% to $221.5 million, with CryptoPunks rising by 590% to reclaim the throne.

After months of silence, the NFT market has seen strong signs of recovery! Latest on-chain data shows that global NFT sales surged by 41% in the past week, reaching $221.5 million, marking the best performance in months. The Ethereum blockchain dominates NFT trading volume, with blue-chip NFT collections like CryptoPunks performing particularly well, with prices soaring nearly 590%. Although the number of transactions has slightly decreased, the number of active buyers and sellers has increased dramatically, indicating a significant rebound in NFT activity on public chains such as Solana and Bitcoin, and market confidence has clearly strengthened.

Ethereum ecosystem NFTs lead market recovery Against the backdrop of broader cryptocurrency market fluctuations, the NFT sector is rising against the trend. Ethereum (ETH), as the main battlefield for NFTs, has seen its native token price rise by 4.5% in the past 7 days, currently reported at $3700, while the total market capitalization of global cryptocurrencies remains unchanged at $3.87 trillion.

The number of buyers and sellers surged, and both volume and price rose According to authoritative on-chain data analysis from CryptoSlam, the number of active NFT buyers surged by 163.29% week-on-week, reaching 466,370 people; at the same time, the number of NFT sellers also rose significantly by 158.30%, reaching 291,510 people. This indicates that the investment appeal of NFTs and market liquidity are rapidly recovering. It is worth noting that although the number of participating users has skyrocketed, the total number of NFT transactions has slightly decreased by 4.05%, totaling 1,531,437 transactions, which may reflect an increase in the proportion of high-value NFT transactions or a more cautious approach from users.

Solana Rises to Third in NFT On-Chain Volume In the competitive landscape of public chain NFTs, Solana (SOL) stands out, with its on-chain NFT sales soaring to third place this week. Bitcoin (BTC) on-chain NFT activity also remains active. In terms of buyer growth, Polygon (MATIC) leads with an astonishing growth rate of 359.06%, followed closely by Solana with a growth of 126.35%, while Bitcoin on-chain NFT buyers recorded a substantial growth of 54.43%. BNB Chain maintains fifth place with $10.1 million in sales, a growth of 40.10%; Mythos Chain ($6.6 million) and Immutable (IMX, $5.7 million) rank sixth and seventh respectively.

Blue-chip NFT returns, CryptoPunks big pump 590% The blue-chip NFT series has shown the strongest performance in this round of rebound, re-establishing its dominant position in the market. The CryptoPunks series achieved an astonishing 589.56% weekly rise, generating $33.7 million in sales, strongly topping the NFT series leaderboard, marking the return of value for top NFT collectibles. High-priced individual items have emerged frequently, with significant transactions this week including:

• CryptoPunks #4668: Sold for 250 ETH (approximately $906,371)
• CryptoPunks #7674: Sold for 199.99 ETH (approximately $744,063)
• CryptoPunks #1484: Sold for 148.5 ETH (approximately $538,384)
• CryptoPunks #1946: Sold for 145 ETH (approximately $525,695)
• CryptoPunks #8968: sold for 135 ETH (approximately 489,440 USD)

The Courtyard series on the Polygon blockchain has fallen to second place with a sales volume of $9.6 million, down 32.24%, with the number of buyers and sellers decreasing significantly by 85.10% and 97.45%, respectively, indicating a notable cooling of activity in this series. Pudgy Penguins ranks third with $8.8 million, slightly down 3.86%. The f(x) wstETH position ranks fourth with $8.4 million, growing by 41.52%. Another top blue-chip project, Bored Ape Yacht Club, has made a strong return to the top five with a sales volume of $5.4 million, achieving a weekly increase of 55.32%, further confirming the recovery trend of blue-chip NFTs.

Conclusion: The strong rebound of the NFT market this week, especially the explosive growth of blue-chip NFT series and the surge in the number of buyers and sellers, has injected much-needed vitality into the entire crypto digital asset sector. Although the total market capitalization of the global cryptocurrency market has temporarily stabilized, the simultaneous rise in volume and price in the NFT space, particularly with the comprehensive activity in multi-chain ecosystems like Ethereum, Solana, and Bitcoin, clearly indicates a shift in market sentiment towards optimism. Does this signify the start of a new bull market for the NFT market? The continuous tracking of on-chain data and the subsequent performance of top NFT collectibles will become key observation indicators.