Top NFT Tokens by Trading Volume This Week

The NFT sector is experiencing a significant surge in trading activity, with several projects seeing massive volume spikes.

According to data from Phoenix Group, the top NFT tokens this week by trading volume include $PENGU, $ANIME, and $GALA.

$PENGU Leads the NFT Market With $1.4B in Weekly Trading Volume

$PENGU has secured the top spot among NFT tokens based on weekly trading volume, reaching a staggering $1.4 billion.

Despite this dominance, $PENGU’s price fell by 27.0% over the past week, with its market cap currently at $643.1 million.

Top NFT Tokens by Trading Volume

Phoenix Group’s weekly rankings reveal the NFT tokens with the highest trading volume, along with their price changes and market caps:

1. $PENGU

• Trading Volume: $1.4B
• Weekly Price Change: -27.0%
• Market Cap: $643.1M

2. $ANIME

• Trading Volume: $834M
• Weekly Price Change: -27.7%
• Market Cap: $153.4M

3. $GALA

• Trading Volume: $735M
• Weekly Price Change: -22.6%
• Market Cap: $801.8M

4. $SOLV

• Trading Volume: $710M
• Weekly Price Change: -25.4%

5. $APE

• Trading Volume: $539M
• Weekly Price Change: -23.1%

6. $SAND

• Trading Volume: $505M
• Weekly Price Change: -19.1%

7. $ME

• Trading Volume: $500M
• Weekly Price Change: +23.2% (the only token on the list to post gains)

8. $GMT

• Trading Volume: $461M
• Weekly Price Change: -18.2%

9. $CHZ

• Trading Volume: $374M
• Weekly Price Change: N/A

10. $MANA

• Trading Volume: $333M
• Weekly Price Change: N/A

What’s Driving the NFT Trading Volume Surge?

Despite broad price declines across most NFT tokens, trading volume remains high, indicating strong market activity and liquidity.

• $PENGU dominates in both volume and market cap, suggesting continued interest despite short-term losses.
• $ME’s price increase (+23.2%) makes it the outlier, showing that some NFT projects are still gaining traction.

With NFT markets evolving rapidly, traders will be closely watching whether volume surges lead to price rebounds or if further corrections are ahead.