š NFT Market Weekly Update: Trading Volume Drops, Activity Rises
The NFT market just had a shaky week ā overall trading volume fell 26% to $134M, but surprisingly, more users are joining in. Hereās the breakdown:
š Market Highlights
Total Sales Volume: $134M (-26%)
Active Buyers: 450,096 (+26%)
Active Sellers: 321,107 (+26%)
Transactions: 1.65M (+6.3%)
š Less money changing hands, but more people trading NFTs than before.
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š Chain Performance
Ethereum: $60.7M (-41.6%)
BNB Chain: $20.6M (+10.6%)
Polygon: $16.1M (+37.9%)
Solana: $7.5M (-13.6%)
Mythos Chain: $9.7M (slight increase)
š Top NFT Sales (CryptoPunks)
Punk #1082 ā 80 ETH (~$351K)
Punk #2596 ā 72.99 ETH (~$316K)
Punk #5477 ā 66 ETH (~$286K)
ā” The Takeaway
Even as dollar volume dips, the NFT community is growing stronger ā more buyers, more sellers, and more trades. This hints at a shift toward smaller, more frequent transactions rather than only big-ticket deals.