NFT Market Faces Weekly Trading Volume Decline Despite Surge in Buyers

According to Odaily, the NFT market recorded a 3.19% decline in trading volume this week, dropping to $102 million. However, interest in NFTs remained strong, with the number of buyers increasing by 71% to 350,063 and sellers rising by 68.57% to 225,465. The total number of NFT transactions also climbed by 16.90%, reaching 1,696,996.

On Ethereum, trading volume fell by 13.03% to $27.7 million, but the buyer count rose by 42.17% to 44,850. Bitcoin-based NFT trading saw a sharper drop of 30.69% to $16.3 million, even as the number of buyers grew by 63.67% to 31,251. Meanwhile, the Mythos Chain network stood out with a 3.12% increase in trading volume, reaching $15.6 million, making it the third-largest NFT network.

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