NFT Market Update: Weekly Sales Dip Amid Bitcoin and Solana Gains

Published on June 23, 2025

The NFT market experienced a slight downturn over the past week, with total sales volume dropping by 4.3% to $90.7 million. However, not all segments of the market followed the same trend. NFTs on Solana and Bitcoin registered growth, indicating an increasing diversification in blockchain preferences among NFT traders.

1. Weekly NFT Sales Trends

Ethereum NFTs saw an 8.26% decline, continuing their gradual downward trend in trading volume.

Solana NFTs grew by 6.39%, reaching $19.4 million in weekly sales, reflecting rising user interest.

Bitcoin NFTs surged by 12.39% to $13.7 million, marking the highest growth among major chains.

2. Top Performing Collections

CryptoPunks (Ethereum) remained at the top in terms of sales despite a 29% drop, reaching $5.43 million.

Monkey NFTs (Solana) rose by 52%, hitting $3.36 million in weekly trading volume.

Guild of Guardians (Immutable X) grew by 6.62%, achieving $3.31 million.

These figures illustrate continued demand for established collections while newer or chain-specific projects also gain traction.

3. Market Share by Blockchain

Ethereum maintained its lead with 78% of the NFT market.

Ronin accounted for 19% of the market.

Flow and Immutable X both held 6% each.

The data shows Ethereum's dominance, but also the notable presence of other chains that cater to gaming and collectibles.

4. Historical Market Context (2020–2021)

During the NFT boom between 2020 and 2021:

Trading volume skyrocketed from $82 million to $17 billion, representing a 21,000% increase.

Active wallets grew from 89,000 to 2.5 million.

The most popular NFT categories in 2021 were gaming ($5.2 billion) and collectibles ($8 billion).

These figures highlight the explosive growth phase of NFTs and provide context for current fluctuations.

5. Notable Recent Transactions

A Bored Ape Yacht Club NFT (#7,398) was sold for $325,387.

An Arbitrum-based GUSDC deposit reached $184,956.

A Bitcoin Ordinal "Maxi Biz" NFT traded for $82,819.

These high-value sales suggest that premium digital assets continue to command significant attention from collectors and investors.