When everyone thought the NFT market would fall into a long winter, a piece of data exploded like thunder—CryptoSlam statistics show that as of March 6 at 16:00, the total transaction volume of NFTs surged by 23% in a week to $121 million, with the number of buyers skyrocketing by 29% to over 543,000.

In this sudden rebound, a disruptive restructuring of power is unfolding: Ethereum (ETH) single-chain transaction volume soared by 95% to reclaim its throne, the Solana ecosystem surged by 52% to enter the top three, while Bitcoin (BTC) NFTs experienced a severe correction of 28.8%. New "equity-type" NFTs like Sonic and Monad point to one truth: the NFT market is undergoing a historic migration of value carriers.

Ethereum's Return to Power

The Ethereum network's weekly transaction volume skyrocketed by 95% to $42.39 million, driven by Cryptopunks, f(x)wstETH position, Pudgy Penguins, Bored Ape Yacht Club (BAYC), and Doodles.

Cryptopunks, known as the "Mona Lisa" of the NFT field, saw its total transaction volume increase by 720% to $7.2 million within seven days, with no increase in holders; the highest transaction was for CryptoPunk 3965 (37.6 ETH, approximately $85,000). The f(x)wstETH position ranked second with a total transaction volume of $7.08 million, up 279% in seven days, with holders increasing by 11% to 481; the highest transaction was for f(x)wstETH position #475 (3.6781 wstETH, approximately $10,100). Pudgy Penguins rose in ranking after its token launch, with a total transaction volume increasing by 22% to $2.47 million; the highest transaction was for Pudgy Penguins #4248 (9.85 ETH, approximately $22,000). BAYC ranked fourth with $1.7 million, up 27% in seven days; the highest transaction was for Bored Ape Yacht Club #7803 (13.74 ETH, approximately $30,700). Doodles saw a 116% increase in total transaction volume to $1.45 million, with the highest transaction for Doodles #4022 (3.22 ETH, approximately $7,070).

While Bitcoin network NFT transaction volume plummeted by 28.8% to $18.86 million, the influx of 38,729 buyers set a historical record—this seemingly contradictory data acts like a prism, reflecting the dramatic transformation occurring in the Bitcoin NFT ecosystem.

BRC-20 NFTs increased by 76.54% to $4.96 million in seven days, while Ordinal Max plummeted by 73.29%, yet still ranked second with a total transaction volume of $3.08 million; Uncategor saw a sharp increase of 28.10% to $1.68 million, with both buyers and sellers on the rise, indicating active trading; Quantum Cats' total transaction volume rose by 22.72% to $1.06 million, with a 2.17% decrease in sellers; the most rapid growth was seen in SOCFI BRC-20, with a transaction volume increase of 266.86% to $1.05 million, with 2,436 transactions and sellers increasing to 1,028, a rise of 255.71%.

NFT Trading Data. Source: CryptoSlam

Sonic NFT: The "Value Flywheel" Disrupting Traditional Paradigms

Sonic, formerly known as Fantom and led by Andre Cronje, has its core players as DeFi enthusiasts and native residents of the Fantom ecosystem. Unlike networks like Ethereum and Bitcoin, which focus on art, this market primarily concentrates on equity-type NFTs. These NFTs are gaining attention due to the "shovel effect," often linked to token airdrops, pre-sale rights, and other benefits, enhancing user participation.

According to Paintswap data, as of March 6 at 21:00, the top five Sonic NFTs are Derps, with a total transaction volume of 1.86 million $S; SwapX xNFT with a total transaction volume of 1.14 million $S; Lazy Bera at 393,000 $S; METRONIX at 366,000 $S; and SwapX at 185,000 $S. Except for the top two, which are increasing, the last three are declining, with the fifth seeing a drop of 72%. (Note: Sonic NFTs are priced in $S, and as of March 6 at 22:00, the price of $S was 0.56 USDT)

Rookie Layer 1 Monad NFT Week: Capturing the Next Wave of Alpha Opportunities

The Mona testnet went live in mid-February, and as of March 6 at 12:00, Monad's testnet had over 5.49 million active users, processing nearly 169.2 million transactions, covering over 4.8 million unique addresses, with a success rate of 97.95%. As a new Layer 1 contender, the testnet data is impressive, and with official promotion of NFTs, which NFT projects in the Monad ecosystem are worth interacting with? How to interact?

In MagicEden Monad Testnet, task-based NFTs include:

1. Eunice, a testnet NFT launched by Monad co-founder;
2. Monadsters, a community-centered NFT;
3. Magic Eden on Monad.

MagicEden Monad NFT. Source: MagicEden Official Twitter

Interacting with DApps for task-based NFTs:

1. TowneSquare OG NFT: Limited to 10,000 pieces, linking to Discord after minting unlocks exclusive identity, allowing priority participation in ecological governance;
2. Monad Domain NFT: Pay 0.01 MON tokens to register a ".monad" domain, which may be integrated into ecological DApps as an on-chain ID in the future;
3. Fantasy Top: Win a "Starlist Pass" through card battle rankings, allowing holders to participate in priority subscriptions for blue-chip projects;
4. IronMon Robot NFT: After completing testnet tasks (such as cross-chain transfers), you can mint a dedicated battle robot NFT;
5. Participate in RareBet Sports platform activities for a chance to obtain a whitelist for SpikyNads mainnet NFT.

Currently, the Monad testnet is gaining popularity, and early participants are expected to capture multiple benefits during the ecological explosion period. It is recommended to prioritize participation in limited-time projects and functional NFTs, while simultaneously accumulating on-chain active data to lay the groundwork for future ecological dividends.

Related: Nifty Newsletter: NFTs Make a Comeback, with Trading Volume Rising to $8.8 Billion in 2024.

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