NFT sales plunge 16.7% to $105.7m, Ethereum sales surge 30%

The NFT market has experienced a notable drop, with sales volume falling by 16.76% to $105.7 million.

This comes as Bitcoin btc0.68%Bitcoin prices have dropped to $103,000 after hitting $111,000, a new ATH. At the same time, Ethereum eth-0.82%Ethereum has shown a mild drop to the $2,500 level in the last seven days. The global crypto market cap is now $3.25 trillion, down from last week’s $3.42 trillion.

According to data from CryptoSlam, despite the overall decline, NFT buyers increased by 55.35% to 699,471, and NFT sellers rose by 19.22% to 242,898. NFT transactions have surged by 34.31% to 2,233,547.