NFT Sales Surge on High-Value Bitcoin Trades

The NFT market has experienced a resurgence in sales, with weekly volumes reaching $39.48 million as of March 16 (UTC), according to data from CryptoSlam.

This represents a 24% increase from the previous week's sales, but comes with a notable caveat: fewer transactions and a growing concentration of high-value deals, particularly on Bitcoin and BRC-20-linked NFTs.

The number of buyers climbed to 173,900 (+78%) and sellers rose to 171,400 (+76%), while total transactions fell to 739,100, down 31% week over week. This divergence suggests rising average ticket sizes and a market structure increasingly dominated by large, infrequent purchases.

Activity is expanding, but liquidity appears to be concentrating into a smaller number of high-value trades instead of a broad rise in low-to-mid priced collecting. By blockchain, Bitcoin led weekly NFT sales volume, posting $11.85 million—up 57%—with 8,436 buyers (+54%).

Ethereum (ETH) ranked second at $7.62 million, down 18% on the week, even as its buyer count rose to 5,357 (+65%). Polygon (POL) came in third with $5.71 million in sales, a surge of 581%, alongside 5,631 buyers (+73%).

At the collection level, ' $X@AI BRC-20 NFTs' was the top-selling series of the week, generating $6.81 million in volume—up 1,101% week over week.