NFT Market Faces Sharp Weekly Decline in Trading Volume;
The NFT market saw a significant 22.65% drop in weekly trading volume, falling to $104.5M. Despite the decline, buyer activity rose by 14.89% and sellers increased by 16.25%, while total transactions slightly dipped by 3.07%.
Key Highlights:
• Total Volume: $104.5M (-22.65%)
• Ethereum: $37.7M (-29.88%)
• Polygon: $15.7M (-17.43%)
• BNB Chain: $9.5M (-23.59%)
• Bitcoin: $7.8M (-32.40%)
• Top Sales: CryptoPunks lead with sales up to 100 ETH (~$445K)
Despite reduced trading volumes, participation remains strong, indicating continued interest but smaller trade sizes.
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