NFT Sales Fall 16.7% to $105.7M, Ethereum Sales Up 30%

The NFT market saw a notable decline, with sales volume falling 16.76% to $105.7 million.

This comes after Bitcoin btc0.07%Bitcoin prices fell to $103,000 after reaching $111,000, a new ATH. Meanwhile, Ethereum eth-1.85%Ethereum has seen a moderate decline to $2,500 over the past seven days. The global cryptocurrency market capitalization now stands at $3.25 trillion, down from last week’s $3.42 trillion.

According to CryptoSlam, despite the overall decline, the number of NFT buyers increased by 55.35% to 699,471, while the number of NFT sellers grew by 19.22% to 242,898. The number of NFT transactions increased by 34.31% to 2,233,547.