Weekly NFT sales totaled a mild $77 million, but the sharp 13% decline in Ethereum-based sales has sparked renewed debate about the strength of the digital collectibles market. While activity remains far from the explosive peaks of past cycles, analysts say these numbers may signal shifting preferences rather than fading interest.
Ethereum’s 13% drop is drawing attention because the chain has traditionally dominated high-value NFT trading. This week, however, blue-chip collections saw fewer large purchases, and buyer participation thinned as traders waited for clearer market direction.
Experts note that rising gas fees, macro uncertainty, and investor caution have contributed to the slowdown. But instead of abandoning NFTs, many collectors appear to be rotating to ecosystems that offer faster, cheaper transactions — a sign that demand is moving, not disappearing.
The modest $77M in total NFT sales masks a bigger shift: multi-chain markets are gaining traction. Several alternative blockchains posted stable or even rising NFT activity this week, showing that collectors are increasingly spreading their investments beyond Ethereum rather than pulling back from NFTs entirely.
Platforms like Solana, Polygon, and Bitcoin Ordinals continue to attract attention with lower fees, faster transactions, and fresh creator activity. Analysts warn that if Ethereum’s momentum doesn’t return soon, these chains could accelerate their market share gains as NFT buyers and gaming projects diversify across ecosystems.
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