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The global non-fungible token market has not moved out of the recent so-called bear market. In yet another week, the non-fungible token market has fallen in trading sales volume and sales counts. In the past seven days, the NFT market has amassed a trading sales volume of $84 million, the lowest sales since November 2024. In this article, we shall explore the full state of the NFT market this week, as well as what collectors and traders should expect in the market in the coming weeks.
NFT Sales Plunge To $84M This Week
Data compiled by CryptoSlam.io, an on-chain crypto market data aggregator and a multi-chain non-fungible token collection explorer, shows that the global non-fungible token market has plunged again in trading sales volume. From March 17 to March 23, the global non-fungible token market recorded a trading sales volume of $85 million, the least since November 2024.
Despite the recent plunge in sales volume, the number of traders buying the non-fungible token dip has sharply increased this week. From March 17 to March 23, the global non-fungible token market has seen over 300,000 traders buying the NFT dip. These figures have risen by 63% from the past week. During this time, the global NFT market has seen over 1.7 million transactions, up over 30% from the past week.
Ethereum, the blockchain network renowned in the NFT market for powering the majority of blue-chip non-fungible token collections, has been the most traded blockchain network in the NFT market. From March 17, 2025, to March 23, 2025, the Ethereum-based NFTs have recorded a trading sales volume of over $23 million. During this period, the Ethereum NFT trading sales volume plunged by 27% from the past week.
Mythos Chain, a blockchain network that ensures secure and efficient NFT transactions across the entire Mythos gaming ecosystem, is this week’s second most-traded blockchain network in the NFT market, taking down notable chains such as Bitcoin, Solana, and Bitcoin networks. From March 17 to March 23, the Mythos Chain-based NFT collection recorded a trading sales volume of $17 million. During this time, the Mythos Chain NFT sales volume has surged 30% from the past week.
Polygon, an Ethereum scaling solution blockchain network, is this week’s fourth most-traded blockchain network in the global NFT market, reclaiming market dominance from Bitcoin and Solana. From March 17 to March 23, the Polygon NFT collections recorded a trading sales volume of $15 million. During this time, the Polygon NFT trading sales volume surged 21% from the past week.
Bitcoin, the blockchain network renowned in the global non-fungible token market for powering Runes, Ordinals, and BRC-20 NFT collections, is this week’s fourth most-traded blockchain network in the non-fungible token market. From March 17 to March 23, 2025, the Bitcoin-based NFT collections have raised a trading sales volume of $14 million. During this time, Bitcoin NFT trading sales plunged 36% from the past week.
Solana, a decentralized blockchain network renowned for hosting a variety of smart contracts for non-fungible token collections, is this week’s fifth most-traded blockchain network in the global NFT market. From March 17 to March 23, 2025, the Solana-based NFT collections recorded a trading sales volume of $9 million. During this time, the Solana NFT trading sales volume fell by 4% from the past week.
Top Selling NFTs This Week
1. Courtyard NFT Collection
Courtyard, a non-fungible token collection from Courtyard, the first-of-its-kind NFT marketplace that enables anyone to own and trade physical cards on the blockchain, is this week’s most traded NFT series in the global NFT market. From March 17 to March 23, the Courtyard NFT has raised a trading sales volume of $13 million. During this period, the Courtyard NFT trading sales volume has surged 22% from the past week.
2.DMarket NFT Collection
DMarket, a renowned non-fungible token collection representing in-game virtual items for popular online games like Counter-Strike, Rust, and Dota 2, is this week’s second most-selling NFT collection in the NFT market. From March 17 to March 23, the DMarket NFT collection recorded a trading sales volume of $12 million. During this time, the DMarket NFT trading sales volume surged by 49% from the past week.
3. Guilds Of Guardians Heroes
Guild of Guardians Heroes, a renowned non-fungible token collection from Guild of Guardians, a multiplayer, action, mobile fantasy role-playing-game that allows players to role-play as heroes and go through dungeons to gather resources, is this week’s third most-selling NFT collection in the NFT market. From March 17 to March 23, the Guild of Guardians Heroes NFT collections has raised $5.7 million. During this time, the Guild of Guardians Heroes NFT sales volume has plunged by 100% from the past week.
4. Good Vibes Club NFT Collection
Good Vibes Club, an art-focused non-fungible token collection from the animation studio Toast featuring a limited edition of 6,969 meticulously crafted 3D PFPs NFTs hosted on the Ethereum blockchain network, is this week’s third most-traded NFT collection in the global NFT market. From March 17 to March 23, the Good Vibes Club NFT collection raised a sales volume of $3.3 million. During this time, the Good Vibes Club NFT sales volume rose 74% from the past week.
5. CryptoPunks NFT Collection
CryptoPunks, a globally acknowledged non-fungible token collection featuring a limited edition of 10,000 pixilated NFTs previously from the digital asset firm Larva Labs but now managed by Yuga Labs, is this week’s fifth most-selling NFT collection in the global NFT market. From March 17 to March 23, the CryptoPunks NFT collection recorded a trading sales volume of $2.9 million. During this time, the CryptoPunks NFT sales volume has plunged by 14% from the past week.
NFT Market Prediction
The global non-fungible token market seems to be evolving towards a mature and more utility-driven phase rather than a speculative bubble. In recent weeks, there have been signs of renewed interest and potential for growth, even though perhaps not a repeat of the 2021 hype. In the coming week, the NFT market is forecasted to experience a revival fueled by new NFT mints, including the highly-anticipated Taproot Wizard and Finalbosu.
Exciting week ahead:
– Monday: Mibera mint. Finalbosu mint.
– Tuesday: Taproot Wizards mint.
– Thursday: $WAL TGE.
– Sometime next week: $RDAC TGE.
– Monday (+1 week): Steady Teddys mint.
What did I miss?
— wale.moca 🐳 (@waleswoosh) March 23, 2025
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