NFTs Are Exploding—But Where’s the Party? The Silent Boom of 2025

The NFT market's back—just don't expect confetti cannons and influencer meetups this time.

Quiet dominance

Blue-chip collections now trade like digital real estate, with bored apes fetching private island prices while meme coins crash weddings. No hype trains needed—just cold, hard blockchain receipts.

Whales go shopping

Institutional wallets are snatching up pixelated art like it's the new Sotheby's. Meanwhile, retail 'degens' stare at empty MetaMask wallets wondering when the next free mint drops.

The irony? This bull run's fueled by the same finance bros who called NFTs 'JPEG scams' in 2022. Guess everyone's a believer at ATH prices.

Ethereum NFTs reclaim dominance

According to data from CryptoSlam, market participation has contracted substantially with NFT buyers plummeting by 89.08% to 88,157, and NFT sellers falling by 82.62% to 56,817.

NFT transactions have remained relatively stable, increasing by 1.63% to 1,357,999.

Ethereum has reclaimed its dominant position with $50 million in sales — a 133.36% spike from the previous week. Ethereum’s wash trading has doubled, rising 101.59% to $3.9 million.

Bitcoin is now in second place with $15.5 million, a 50.12% increase. This represents a significant improvement from its previous sixth-place position.

Polygon (POL) has fallen to third place, with $14.6 million, a decline of 41.86%. The blockchain’s wash trading has increased by 59.20% to $914,413.

Mythos Chain holds the fourth position with $14 million, down 2.43%. BNB Chain (BNB) ranks fifth with $7.8 million, representing a 17.74% decline. Immutable (IMX) has dropped dramatically to sixth place, with $6.3 million, a 28.74% decline.

The buyer count has declined across all blockchains, with ethereum leading the drop at 86.74%, followed by Polygon at 88.87% and Bitcoin at 80.22%.

f(x) wstETH position has taken the top spot in collection rankings with $15.8 million in sales, with a 2,056.28% surge. This collection is dominated by institutional activity with only 26 buyers and 1 seller.

The Courtyard on Polygon has fallen to second place with $12.3 million, a decline of 35.06%. The collection has seen substantial decreases in buyers (32.75%) and sellers (14.59%).

DMarket holds third place with $8.9 million, a 3% decrease. Bitcoin’s BRC-20 NFTs have climbed to fourth with $4.3 million, representing a 74.64% increase.

Pudgy Penguins has entered the top five with $3.2 million, surging 130.49%. The collection has doubled its transactions (100%), seen growth in buyers (146.43%), and sellers (107.89%).

Guild of Guardians Heroes, which dominated previous weeks, has disappeared from the top collections entirely.

Notable high-value sales from this week include:

• Autoglyphs #195 sold for 95 ETH ($283,623)
• Otherdeed Expanded #7 sold for 100 WETH ($278,128)
• Autoglyphs #194 sold for 215,000 USDC ($215,000)
• Autoglyphs #139 sold for 75 WETH ($189,994)
• BOOGLE sold for 1,150.02 SOL ($174,304)