blockchainreporter.net
Over the last seven days, the $NFT market experienced a significant increase in transaction volume, reflecting enthusiasm in the landscape. According to data reported by Phoenix Group today, the broader market recorded a total $NFT sales volume of $171.9 million, an increase of 35.12% over the previous week. $NFT buyers have risen by 128% to currently 255,301. These positive figures suggest market recovery boosted by rising interest from new traders.
#$NFT MARKET OVERVIEW
— PHOENIX – Crypto News & Analytics (@pnxgrp) February 18, 2025
TOP COLLECTION #Doodles – 24H Volume $6.02M… pic.twitter.com/46Y8WPB9PY
Top collections
As per the data, collections like Doodles, DMarket, Pudgy Penguins, Azuki, and Milady Maker registered incredible gains.
Doodles emerged as the top collection after it recorded a $16.01 million sales volume over the past week. DMarket followed with $9.93 million in sales registered over the same period.
While Pudgy Penguins took the third spot with $9.621 million in sales, Azuki secured the fourth position with $8.52 million in sales volume. Lastly, Milady Maker gained the spotlight with $8.37 million in sales recorded over the same duration.
Top collectible sales
Besides that, the data by Phoenix Group ranked some of the top-selling NFTs over the past seven days. In an interesting development, all of the top five $NFT collectible sales came from CryptoPunks.
The outstanding sales of the week were CryptoPunks #7685, which was sold for $166,289.53. CryptoPunks #3963 came second with $139,515.59 in sales. It was followed by CryptoPunks $5774 with $122,773.72 sales. CryptoPunks #3736 clinched the fourth spot with $102,408.86 in sales. Lastly, CryptoPunks #7361 recorded $98,094.49 sales. These transactions highlight users’ constant demand for CryptoPunks.
Top marketplaces
Lastly, data by Phoenix Group identified top $NFT marketplaces with the highest sales record over the past week.
OpenSea was the top most-traded marketplace over the past seven days. The platform raised a trading sales volume of $144.86 million.
Blur was the second most-traded marketplace with $31.79 million registered on the platform over the period. Element Market took the third position with a $4.58 million trading sales volume.
Next was Magic Eden, which registered a trading sales volume of $4.53 million. Lastly, Immutable X Marketplace secured the fifth position with a $3.02 million trading sales volume.