NFT Market Experiences 30% Surge in Transaction Volume

Over the past week, NFT market transaction volumes increased by 30%, reaching $173.2 million, with Ethereum leading at $105.4 million, despite an overall transaction decline.

The remarkable surge in buyers and sellers signals strong market participation, yet official insights or causes behind this spike remain unconfirmed by key figures or regulatory bodies.

NFT Market Surpasses $173M with Significant Ethereum Growth

Transaction volume in the NFT market rose significantly, increasing by 30% to $173.2 million. This growth was primarily driven by the Ethereum network, which saw an 85% increase in transaction volume, reaching $105.4 million. BNB Chain and Solana also recorded increases, while Polygon and Mythos Chain experienced declines.

The surge in transaction volume reflects increased participation, with NFT buyers rising by 190.41% and sellers by 168.71%. Despite this, the number of NFT transactions fell by 10.65%, indicating possible higher value transactions driving the volume increase.

Market reactions remain sparse, with neither project leaders like Yuga Labs nor significant figures such as Ethereum’s Vitalik Buterin commenting on the surge. The absence of explicit explanations or correlated news leaves analysts and participants speculating on potential causes.

Market Interest Grows Despite Lack of Official Commentary

Did you know? In July 2025, NFT sales hit $574 million, marking the second-highest month that year, contrasting with the current surge without direct leadership commentary.

According to CoinMarketCap, Ethereum’s price stands at $4,462.19 with a market cap of $538.62 billion and a market dominance of 13.48%. It saw a 0.86% increase in 24 hours and a 5.53% rise over the past week, reflecting investor confidence in the network amidst its recent transaction volume surge.

Randy Wasinger, Founder, CryptoSlam, stated, “While our metrics show a dramatic 30% rise in transaction volumes, we are yet to see major voices within the industry discuss the implications or causes behind this surge.”

Coincu’s research team notes that this spike may prompt closer examination of potential economic influences on NFT sales dynamics. Without regulatory changes or major technological breakthroughs, experts speculate that market-driven factors are at play, needing further analysis for sustainable patterns.