Significant increase in NFT trading volume this week!
The non-fungible token market #NFT witnessed a growth of +8.17%, reaching $125.1 million during the past week.
🔝 Leader: Immutable (IMX)
The Immutable network ranked first in trading volume, achieving over $43.2 million with an increase of %67.89, with almost no wash trading!
📌 Top rankings by sales volume in dollars:
1 🥇 Immutable: $43.2M (+67.89%)
2 🥈 Ethereum: $26.5M (+39.31%)
3 🥉 Polygon: $16.6M (❌ -28.79%)
4 Mythos: $14.2M (+1.12%)
5 BNB Chain: $9.4M (+15.11%)
🔍 Notable observations:
• Continued decline of Polygon by -28.79% and high wash trading recorded.
• Immutable outperformed Ethereum in actual trades with almost complete transparency.
⚠️ The market is witnessing a shift towards new chains with advanced technical performance and lower costs, reshaping the NFT dominance map.