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NFT Market Experiences Significant Decline In Sales Volume
According to Odaily, the NFT market has seen a notable decrease in total sales volume, dropping to $107.1 million, which represents a 28.93% decline from the previous week, as reported by Crypto.news based on CryptoSlam data. Despite this downturn, the number of NFT buyers increased by 36.02%, reaching 456,874, while the number of sellers rose by 32.81% to 314,871. The total number of NFT transactions remained relatively stable, with a slight increase of 0.86%, totaling 1,566,183 transactions.
The Ethereum network experienced a significant drop in sales volume, plummeting by 67.86% to $25.3 million, even though the number of buyers grew by 20.27% to 50,056. In contrast, the Bitcoin network saw a sales volume increase of 16.73% to $24.3 million, with the number of buyers rising by 30.71% to 30,203.
The Mythos Chain network experienced a decline of 4.79% in sales volume, reaching $14.7 million, yet it maintained its position as the third-largest network. Meanwhile, Polygon surged to fourth place with a sales volume of $14.2 million, marking a 45.35% increase. Solana ranked fifth, with a sales volume of $12.1 million, reflecting a growth of 12.41%.
The Ethereum network experienced a significant drop in sales volume, plummeting by 67.86% to $25.3 million, even though the number of buyers grew by 20.27% to 50,056. In contrast, the Bitcoin network saw a sales volume increase of 16.73% to $24.3 million, with the number of buyers rising by 30.71% to 30,203.
The Mythos Chain network experienced a decline of 4.79% in sales volume, reaching $14.7 million, yet it maintained its position as the third-largest network. Meanwhile, Polygon surged to fourth place with a sales volume of $14.2 million, marking a 45.35% increase. Solana ranked fifth, with a sales volume of $12.1 million, reflecting a growth of 12.41%.
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