The NFT market has recorded a strong recovery with trading volume increasing by 30% to 173.2 million USD last week.
The number of NFT buyers nearly doubled, while the number of transactions decreased slightly by 10.65%. Notably, the Ethereum network recorded an impressive trading volume increase of 85%, leading the market trend.
MAIN CONTENT
The total NFT trading volume across the market reached 173.2 million USD, an increase of 30%.
The number of NFT buyers increased by 190%, while the number of sellers increased by 169%.
Ethereum leads with a trading volume of 105.4 million USD, up 85%.
What notable fluctuations occurred in the NFT market last week?
The NFT trading volume across all networks last week reached 173.2 million USD, an increase of 30% compared to the previous week. This shows that the appeal of NFTs continues to strengthen, despite the number of transactions decreasing by 10.65% to 1,553,949 transactions.
The number of NFT buyers surged by 190.41% to 214,716 people, indicating high demand from the community. At the same time, the number of sellers also increased by 168.71% to 115,289, reflecting the market's vibrancy.
What content clearly demonstrates the strength of the Ethereum network in NFT transactions?
The Ethereum network continues to play a central role with 105.4 million USD in NFT trading volume, up to 85% compared to last week. This figure shows that Ethereum is the main platform for high-value NFT transactions.
Compared to competitors like BNB Chain (18.1 million USD, up 33.48%) or Polygon (11.5 million USD, down 35.51%), Ethereum demonstrates superior reliability and liquidity.
The NFT marketplace is witnessing a positive transformation, with a significant increase in participants and increasingly active transactions on Ethereum.
Cryptocurrency market expert, 2024
What notable high-value NFT transactions occurred this week?
Last week, NFTs from the Bored Ape Yacht Club collection continued to be the center of attention with several large transactions. Bored Ape Yacht Club NFT #4795 was sold for 200 ETH, equivalent to 909,183 USD.
Other NFTs like #2337, #9670, #7706 were also traded at 140 ETH (equivalent to over 630,000 USD), showing the strong appeal of this collection within the community.
Bored Ape Yacht Club NFT Price (ETH) Value (USD) #4795 200 909,183 #2337 140 634,809 #9670 140 633,982 #7706 140 633,982 #9670 100 453,435
How are other blockchain networks performing in NFT transactions?
BNB Chain recorded a trading volume of 18.1 million USD, up 33.48%, indicating stable growth. Solana also saw an increase of 10.14% with 8.9 million USD, attracting investment flows.
Meanwhile, Polygon and Mythos Chain saw slight decreases of 35.51% and 3.52% in trading volume, respectively. This reflects the fierce competition among NFT platforms today.
"Ethereum remains the leader in the NFT market thanks to its scalability and synchronized developing ecosystem."
NFT exchange leader, 2024
Frequently Asked Questions
What does the increase in NFT trading volume mean for the market?
The increase in trading volume indicates improved attraction and liquidity of NFTs, contributing to the sustainable development of the related cryptocurrency ecosystem.
Why does Ethereum dominate in NFT transactions?
Ethereum has a diverse ecosystem, a large user base, and high security, facilitating high-value NFT transactions.
What does it mean to decrease the number of transactions but increase the number of buyers?
This indicates that each buyer usually makes fewer transactions but with higher value, reflecting a focus on quality NFTs.
Which collections had the most expensive NFTs last week?
The most valuable NFTs are mainly from the Bored Ape Yacht Club, featuring transactions ranging from 100 to 200 ETH, equivalent to over 450,000 USD to nearly 1 million USD.
What challenges are Polygon and Mythos Chain facing?
The decrease in trading volume indicates that these platforms are competing fiercely and need to improve liquidity or utility to attract users.
Source: https://tintucbitcoin.com/giao-dich-nft-tang-30-nguoi-mua-tang/
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