The NFT market is feeling the impression of the broader crypto hunch, with gross sales quantity reducing by 4.7% to $94.7 million.
In keeping with knowledge from CryptoSlam, this can be a continued downward development from the earlier week’s $102.8 million. The drop extends past simply gross sales quantity, with NFT patrons plummeting by 77.9% to 128,244, and NFT sellers falling by 75.2% to 85,792. NFT transactions have additionally declined by 6.3% to 1,441,009.
The downward momentum coincides with Bitcoin (BTC) dropping to the $83,000 degree. On the similar time, Ethereum (ETH) has misplaced 13.5% of its worth within the final seven days and is hovering on the $1,500 degree.
The worldwide crypto market cap is now $2.63 trillion.
Ethereum stays dominant regardless of falling worth
The Ethereum blockchain stays the dominant participant with $36.1 million in gross sales, up 41.3% from final week. Nonetheless, this enhance in Ethereum gross sales wasn’t sufficient to offset declines throughout different chains.
Polygon (POL) is in second place with $17.4 million in gross sales quantity and has proven a modest 4.3% improve. Mythos Chain follows in third with $14.1 million, up barely by 2%.
Solana (SOL) continues to wrestle as gross sales have dropped sharply by 33.4% to $6.5 million. Immutable rounds out the highest 5 with $5.5 million in gross sales, up 15.4% from the earlier week.
Wash buying and selling patterns have modified, as Polygon now leads at $2.6 million. It is a notable 232.6% improve. Ethereum’s wash buying and selling additionally decreased by 9.2% to $2.5 million.
Relating to the highest NFT collections, Courtyard on Polygon has maintained its high place with $15.6 million in gross sales and a 6.1% improve. CryptoPunks has elevated to second place with $9.1 million and a 168.3% surge.
DMarket is now in third place with $8.9 million, a 4.4% improve. A newcomer, f(x) wstETH place on Ethereum, has entered the rankings in fourth place with $5.8 million in gross sales.
Guild of Guardians Heroes completes the highest 5 with $3.7 million in gross sales, up 29.4% from the earlier week.
The week noticed a high-value sale with CryptoPunks #3100 selling for 4,000 ETH ($6,042,922). Different notable high-value gross sales embrace:
- CryptoPunks #1182 offered for 142 ETH ($209,310)
- Pixel Vault Founders DAO #4 offered for 97.08 RETH ($161,511)
- Autoglyphs #462 offered for 98.5 WETH ($149,724)
- CryptoPunks #5361 offered for 69.69 ETH ($108,204)
OpenSea to SEC: ‘We’re not exchanges’
This week, OpenSea asked the U.S. Securities and Trade Fee (SEC) to formally declare that NFTs aren’t “exchanges or brokers” beneath U.S. securities regulation.
In a letter to SEC Commissioner Hester Peirce, OpenSea argued that NFTs normally have just one vendor per token — so platforms like theirs don’t operate like conventional inventory exchanges or brokers.
They emphasised that each one NFT transactions occur on-chain through good contracts, with OpenSea merely performing as a discovery software—not an middleman, custodian, or advice-giver.
To keep away from future confusion, OpenSea is asking the SEC to problem clear steerage, like a bulletin or interpretive launch, to substantiate NFT marketplaces aren’t coated by alternate guidelines.
This push follows OpenSea’s brush with a Wells discover final yr—although the SEC dropped the investigation in early 2025 after President Donald Trump advised the company to pause crypto enforcement.
