🔴NFT Market Sees Decline in Trading Volume and Participants📈
🔸️According to PANews, recent data from CryptoSlam reveals a significant decline in the NFT market over the past week. Trading volume dropped by 11% to $134.9 million, with a noticeable decrease in market participation. The number of NFT buyers decreased by 89.83% to 73,900, while the number of sellers dropped by 91.14% to 42,878. Despite this, the number of NFT transactions saw a slight increase of 1.60%, reaching 1,781,919.
🔸️The Ethereum network recorded a trading volume of $58.5 million, representing a decrease of 23.43% from the previous week. In contrast, the Polygon network experienced a 56.90% increase in trading volume, totaling $17.8 million. The trading volume on the Bitcoin network fell by 19.47% to $14.2 million, while the BNB Chain network saw an increase of 33.54%, totaling $13.6 million.
🔸️Among the high-value transactions this week were several sales of CryptoPunks. CryptoPunks #1021 was sold for 720 ETH, equivalent to $2,569,908. Other notable sales included CryptoPunks #9797 for 140 ETH ($503,547), CryptoPunks #7414 for 100 ETH ($341,596), CryptoPunks #7211 for 75 ETH ($292,320), and CryptoPunks #3291 for 72 ETH ($281,019).
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