The NFT market is showing signs of recovery after a prolonged decline. Last week, Ethereum network activity increased significantly, with CryptoPunks leading the charge . Sales of the collection reached approximately $35.7 million , representing an 846% increase week-on-week. The average transaction amounted to approximately $176,900 , and the floor price rose to 50 ETH (approximately $143,000 ).
How are other major collections doing?
- Pudgy Penguins : turnover increased by about 14%, bringing in approximately $21.5 million in sales over the week . The average price per item is approximately $55,437 .
- Bored Ape Yacht Club (BAYC) : Up approximately 64% to approximately $8.78 million .
- Mutant Ape Yacht Club (MAYC) : Up about 23%; average transaction price was about $6,704 .
- Moonbirds : A strong rebound – more than an order of magnitude compared to the previous week.
- Milady Maker : steady growth – approximately 82%.
Newsbreaks and trends of the week
Riding the wave of interest in digital collections, GIPHY released a set of animated stickers featuring Loaded Lions: Mane City characters . The collection has garnered over 6.1 million views and has spread across WhatsApp, Instagram, TikTok, and X.
Meanwhile, OpenSea , the largest NFT platform, announced the acquisition of the Rally mobile wallet . The integration is aimed at strengthening the mobile platform and improving the user experience, making token trading more convenient from any device.
Asian aesthetics and merch: how Azuki maintains interest
The Azuki team announced a capsule drop and merchandise for Enter The Garden —part of a strategy to develop the anime anthology and expand the brand beyond Web3. Sales of the collection increased by approximately 74% in a week , reaching approximately $3.2 million .
Not everyone was lucky: those who sagged
Amid the overall recovery, there were some negative exceptions. For example, transaction volumes involving Courtyard.io assets in the Polygon ecosystem fell by approximately 22% .
What does this mean for the market?
The overall surge in activity on Ethereum indicates a return of liquidity and investor interest in the NFT segment. CryptoPunks’ surge was supported by positive news, a revival of major marketplaces, and strong community engagement. If this trend continues, we can expect further normalization of floor prices in top collections and a narrowing of spreads between rarities.
