The NFT market witnessed a significant surge in trading activity, with Immutable (IMX) surpassing Ethereum to become the leading blockchain by sales volume.
Overall NFT sales volume jumped 37.10% to reach $144.8 million. Immutable led the market with $41.7 million in recorded sales, outpacing Ethereum which recorded $31.5 million in sales during the same period.
This bullish momentum aligns with Bitcoin’s strong price performance, rallying to $105,000, and a concurrent 2.5% price increase for Ethereum, boosting overall investor confidence in the digital collectibles space.
Market participation saw substantial growth as well. The number of unique NFT buyers surged by 50.56%, surpassing one million individuals, while the number of sellers also rose by 8.09% to nearly 39,000.
Highlighting individual success stories, the Guild of Guardians Heroes collection emerged as the top performer with $24.7 million in sales. Bitcoin’s Ordinals category saw explosive growth, experiencing a staggering 1,556.66% surge in sales volume. Concurrently, Ethereum’s wash trading volume decreased by 2.91%, suggesting an improvement in market integrity by reducing artificially inflated volume.