NFT Market Shocker: Sales Crash 18% to $116.9M as Polygon Outperforms Ethereum

The NFT market just got a brutal reality check—sales cratered 18% this week, scraping barely $116.9 million. But here’s the twist: Polygon flipped the script, leaving Ethereum gasping in its dust.

Layer-2 eats the giant’s lunch

While Ethereum collectors were busy calculating gas fee ROI (good luck with that), Polygon’s cheap-and-cheerful chain quietly mopped up demand. No six-figure JPEGs here—just actual utility and transactions that don’t require a second mortgage.

Wake-up call or dead cat bounce?

Traders are scrambling to reposition, but let’s be real—when your ‘blue-chip’ Bored Ape portfolio drops 18% in a week, maybe it’s time to admit you’ve been buying Beanie Babies 2.0. The blockchain doesn’t lie… even if your ‘digital art’ investment thesis does.

Immutable retains its top position

Immutable (IMX) has retained its top position but with reduced sales of $28.3 million, falling 32.23% from the previous week. The blockchain’s wash trading has nearly disappeared, dropping 81.19% to just $3.

Polygon (POL) has surged to second place with $23.3 million in sales, growing 24.98% and overtaking Ethereum. ethereum has dropped to third place with $20.4 million, declining 32.06%. Ethereum’s wash trading has also decreased by 18.29% to $1.8 million.

Mythos Chain maintains fourth position with $14.1 million, remaining essentially flat with a marginal 0.03% decline. solana (SOL) has climbed to fifth place with $8.7 million, jumping 42.74%.

The buyer count has increased across most blockchains, with Polygon leading at 35.63% growth, followed by Solana at 27.41% and Mythos Chain at 19.32%.

In collection rankings, Courtyard on Polygon has reclaimed the top position with $17.4 million in sales, showing minimal growth of 0.56%. The collection has experienced major growth in sellers, up 1,264.81%.

Guild of Guardians Heroes has fallen to second place with $16.5 million, declining 33.60%. The gaming collection has seen decreases across all metrics, including transactions (35.26%), buyers (41.99%), and sellers (42.33%).

DMarket holds third place with $9 million, up 0.99%. Guild of Guardians Avatars remains in fourth with $7 million, though falling 31.19%.

Gods Unchained Cards has entered the top five with $4.7 million, declining 28.60%. Notably, Uncategorized Ordinals on Bitcoin has disappeared from the top collections.

Notable high-value sales from this week include:

• CryptoPunks #1831 sold for 150 ETH ($389,846)
• CryptoPunks #9778 sold for 150 ETH ($377,958)
• CryptoPunks #4868 sold for 76.5 ETH ($201,933)
• CryptoPunks #5586 sold for 70.07 ETH ($185,292)
• CryptoPunks #7516 sold for 60 ETH ($158,378)