NFT Market Sales Dip as Participation Metrics Surge

According to CryptoSlam data from September 19, the number of buyer addresses surged 174.04% to 114,977, while seller addresses climbed 151.72% to 108,037. Despite this influx of activity, total transactions fell 9.08% to 808,432, indicating that the recent market movement did not translate into a higher frequency of individual trades. Ethereum maintained its position as the primary network for organic sales, recording $15.32 million in volume, despite a 2.66% weekly decline. Bitcoin followed a sharper trajectory, with sales plummeting 53.99% to $4.33 million.

Individual high-value transactions were heavily influenced by Alchemix V3 Transmuter tokens, which occupied four of the top five spots in the weekly rankings. Alchemix V3 Transmuter #219 led the market with a sale price of $770,985. This concentration of volume within a specific decentralized finance protocol contrasts with the broader performance of collectibles like Courtyard, which remained the top-selling collection with $6.3 million in sales. While the wider cryptocurrency market saw a rebound—with Bitcoin trading near $81,311 and Ethereum near $2,647—the data suggests no direct correlation between these macro-level gains and the current cooling of the NFT sector.