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Today’s latest NFT news, drops and marketplace updates

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NFT Market Experiences Significant Decline in Weekly Transactions

According to PANews, the NFT market has seen a notable decrease in activity over the past week, with transaction volumes dropping by 9.22% to $85.31 million. The number of NFT buyers fell sharply by 96.75%, reaching 20,349 individuals, while sellers decreased by 95.05% to 23,241. Additionally, the number of transactions declined by 4.21%, totaling 1,405,561.The Ethereum network recorded a transaction volume of $33.42 million, marking a 14.97% decrease from the previous week. The Base network saw its transaction volume fall by 27.35% to $7.25 million, and the Mythos Chain network experienced an 11.3% decline, reaching $7 million.Among the high-value transactions this week were several CryptoPunks sales: CryptoPunks #8295 sold for $196,275.14 (54.69 ETH), CryptoPunks #5361 for $173,369.70 (45 ETH), CryptoPunks #5295 for $165,743.73 (49.99 ETH), CryptoPunks #9537 for $160,023.86 (41.5 ETH), and CryptoPunks #2845 for $151,059.23 (39 ETH).
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U.S. Judge Dismisses Investor Lawsuit Against Yuga Labs Over NFT Securities Claims

According to Cointelegraph, a U.S. judge has dismissed a lawsuit filed by investors against Web3 company Yuga Labs, concluding that non-fungible tokens (NFTs) do not meet the legal definition of securities. Judge Fernando M. Olguin determined that the plaintiffs failed to demonstrate how the Bored Ape Yacht Club (BAYC), ApeCoin (APE), or other NFTs sold by Yuga Labs satisfied the criteria of the Howey test. This test, established by the Securities and Exchange Commission (SEC), is used to assess whether a transaction qualifies as an investment contract. The lawsuit was initially filed in 2022. Yuga Labs marketed its NFTs as digital collectibles offering membership perks to an exclusive club, positioning them as consumables rather than investment contracts, according to Judge Olguin. He stated that the promise of future consumptive benefits does not inherently transform these benefits into investment-like in nature. The judge emphasized that the plaintiffs did not prove that the Bored Ape Yacht Club and other NFT collections launched by Yuga Labs constituted a "common enterprise" with the expectation of profits generated by others. This ruling aligns with legal precedent suggesting that most digital assets are not securities. The NFTs, which are traded on public blockchain networks, did not establish a continuous and dependent financial relationship between the purchaser and Yuga Labs, thus failing to qualify as a "common enterprise" under the Howey Test, Judge Olguin noted. Investors who acquired NFTs from the company paid fees to Yuga Labs that were separate from the NFT prices, as highlighted by Consensys attorney Bill Hughes on X. Furthermore, Judge Olguin concluded that Yuga Labs did not make explicit promises of profit to potential NFT buyers, and the project's roadmap did not meet the Howey test's conditions regarding the expectation of profit. He clarified that statements about a product's inherent or intrinsic value are not necessarily indicative of profit expectations. While statements about NFT prices and trade volumes might suggest a closer connection to profit expectations, they alone do not establish such an expectation, he added.
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Vesting NFTs Lead Daily Sales on BNB Chain, Surpassing Ethereum

According to Cointelegraph, Vesting NFTs have surged to the forefront of daily sales volume rankings on CryptoSlam, generating over $12.4 million on the BNB Chain. This significant increase has propelled these niche non-fungible tokens (NFTs) ahead of established digital art collections such as CryptoPunks and Pudgy Penguins. The rise in interest suggests that investors are exploring new liquidity options for vested tokens. As a result, BNB Chain emerged as the leading network for daily NFT sales, reaching approximately $14 million, nearly doubling Ethereum's $7 million for the same period.The data from CryptoSlam indicates that the UNCX Network, a decentralized service provider, is behind the Vesting NFTs that have gained traction on BNB Chain. This project enables users to wrap vested tokens and mint them as tradable NFT vouchers. Vesting is a common practice used to prevent early investors and team members from quickly selling their tokens for profit and exiting the business prematurely. By locking tokens, projects effectively restrict holders from selling them. However, Vesting NFTs offer a potential solution by allowing holders of vested tokens to access liquidity through the sale of their NFTs. These NFTs encapsulate token lockups into tradable vouchers, granting the holder rights to claim the vested tokens according to a predetermined timeline. This mechanism enables users with locked tokens to trade and maintain liquidity without violating their original vesting agreements.While the volume for Vesting NFTs currently stands in the millions, crypto vesting remains a deeply integrated mechanism within the crypto ecosystem. Tokenomist data revealed that in September, approximately $15 billion in vested tokens were released into the market, with an additional $10 billion expected to be unlocked in the coming months. Beyond Vesting NFTs, other utility-based NFTs also ranked among the top 10 on CryptoSlam's 24-hour chart. The real-world asset (RWA) tokenization platform Courtyard, which allows users to use NFTs as vouchers for physical collectibles, secured the tenth position with nearly $500,000 in sales. In April, Courtyard's sales surged, propelling Polygon to the top of the weekly NFT sales chart, with Courtyard NFTs reaching a volume of $22.3 million in just seven days. Additionally, DMarket, a platform facilitating the sale of interoperable gaming NFTs, ranked among the top projects in NFT sales. This platform enables gamers to use NFTs as unique digital certificates of ownership for gaming cosmetics, character outfits, and weapon appearances.
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NFT News: NFT Sales Slump to $92M, Lowest Weekly Volume Since June

Key TakeawaysNFT sales fell to $91.96 million in the first week of September, the lowest since mid-June.Unique buyers dropped 58% since June, while sellers fell 43%.Average NFT sale price slid from $104 in August to $72, a 30% decline in two weeks.Despite lower values, transaction counts remained high at 1.27 million.NFT Market Hits Three-Month LowThe NFT market cooled sharply last week, with sales volume dropping to $91.96 million, according to CryptoSlam. This marks the lowest weekly total since June 16–22, when sales were $90 million.The decline comes after strong July and August activity, when weekly sales consistently stayed above $115 million and peaked at $170 million in late July — the third-highest week of 2025.Buyer and Seller Activity ShrinksThe number of unique NFT buyers fell to 199,821, down 58% from mid-June’s 487,264. Sellers also dropped to 145,877, a 43% decline from 258,803 over the same period.At the same time, average sale values fell 30% in just two weeks, from $104 in August to $72 in early September.Trading Activity Still ActiveDespite the drop in prices and participants, overall NFT transaction activity remained strong at 1.27 million trades, showing collectors are still active but spending less per purchase.What Fueled July–August Strength?Analysts attributed the earlier summer surge to NFT adoption milestones, including:The launch of a permanent NFT art gallery in Ibiza featuring works by Beeple and Mad Dog Jones.Coinbase’s layer-2 network Base, which became the third-largest blockchain for NFT trading by 30-day volume in August.NFT markets are entering a cooling phase after two strong months, with falling buyers, sellers, and average sale prices. However, sustained transaction counts suggest the ecosystem remains active, even as market sentiment shifts.
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NFT News: NFT Market Cap Drops $1.2B as Ether Rally Stalls; Pudgy Penguins Overtake Bored Apes

The NFT market lost more than 12% in value as Ethereum’s pullback triggered sharp declines across top collections.The non-fungible token (NFT) market has shed over $1.2 billion in value in less than a week, as Ether (ETH) prices retreated from recent highs.According to NFT Price Floor data, the total market capitalization of NFTs fell from $9.3 billion on Wednesday to $8.1 billion on Monday — a decline of about 12%. The downturn coincided with a 9% drop in ETH, which slipped from $4,700 to $4,259 over the same period.Ethereum Pullback Pressures NFT ValuationsSince most NFTs are minted and traded on the Ethereum network, their valuations are closely tied to ETH price action. With ETH down 4% in the last 24 hours, a majority of the top 10 NFT collections saw losses.CryptoPunks remained the top NFT collection but lost around $300 million, dropping from $2.4 billion to $2.1 billion in market cap.Sales volume for CryptoPunks fell 34% to $12.7 million over the past week, with total transactions down 28%.Bored Apes Slip, Penguins RiseThe Bored Ape Yacht Club (BAYC), previously ranked second in NFT market cap, fell nearly 20% — from $602 million to $482.3 million.In a surprise shift, Pudgy Penguins overtook BAYC, climbing into second place despite also losing value. The collection’s market cap fell from $591 million to $491 million, a 17% drop, but still enough to push it ahead of the Apes.Corporate Treasury Adoption Adds SpotlightLast week, BTCS Inc., a publicly traded blockchain company, announced that it added three Pudgy Penguins NFTs to its corporate digital asset treasury.The move highlights how institutional players are beginning to treat blue-chip NFTs as legitimate assets for treasury diversification, lending credibility to collections even amid price volatility.While the NFT market remains vulnerable to Ethereum price swings, institutional interest and the rise of alternative blue-chip collections like Pudgy Penguins suggest that NFT adoption is broadening beyond early leaders such as CryptoPunks and Bored Apes.The short-term outlook hinges on whether ETH can regain bullish momentum, potentially stabilizing NFT valuations.
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