NFT sales surge 170% to $95.5M on $55M Pandora trade

The NFT market recorded $95.48 million in sales over the past seven days, rising 170% as a single $55.03 million transaction involving the hybrid NFT project Pandora accounted for most of the increase. Summary NFT sales rose 170% to $95.48 million, while transactions increased 7.5% to 962,992. Buyer addresses climbed 49% to 172,739, as seller addresses reached 159,275. Ethereum generated $70.81 million, representing about 74% of global NFT sales. Pandora recorded $55.21 million from nine transactions, led by one $55.03 million sale. Courtyard ranked second among collections with $10.02 million despite a 10% decline. According to a CryptoSlam seven-day dashboard captured on Aug. 22, NFT sales increased to $95.48 million from approximately $35.29 million during the preceding period. The number of buyer addresses climbed 49% to 172,739, while seller addresses increased 50% to 159,275. Total transactions grew by a smaller 7.5% to 962,992, showing that the sharp increase in dollar volume was not matched by an equivalent rise in the number of recorded sales. The figures translate into an average value of approximately $99 per transaction, compared with about $39 during the previous period. Pandora’s $55 million contribution explains most of that change. You might also like: Spritehood NFTs raise $1.28M on Robinhood Chain Excluding Pandora, the rest of the market generated approximately $40.28 million. The adjusted amount suggests that the headline increase came from a concentrated transaction rather than a market-wide rise of the same size. The NFT surge occurred as the broader cryptocurrency market rebounded. Bitcoin climbed above $72,000 during a major short squeeze, while Ethereum rose above $2,400 as exchange-traded fund inflows returned. CryptoSlam’s data do not establish that rising cryptocurrency prices caused the NFT sales increase. Pandora’s role means the weekly comparison requires additional context before it can be treated as evidence of broader collectible demand. Ethereum leads NFT sales with $70.81 million Ethereum ranked first among blockchains with $70.81 million in NFT sales, an increase of 546%. The network also recorded $592,451 in wash trading, bringing its combined reported total to $71.40 million. Blockchains by NFT sales volume | Source: CryptoSlam Buyer addresses on Ethereum increased by 63.7% to 24,647. However, Pandora alone accounted for $55.21 million, or approximately 78% of the network’s organic NFT sales. Without Pandora, Ethereum generated about $15.61 million. The adjusted figure would still leave it ahead of Polygon, but the network’s weekly increase would be far smaller than the reported 546%. Polygon ranked second with $10.91 million in sales, down 9.54%. Its buyer count increased 27% to 72,226, creating a contrast between lower dollar volume and higher wallet participation. Polygon also registered $20.46 million in wash volume. Adding that amount produced a combined total of $31.36 million, although wash trading must remain separate from organic NFT sales.