NFT Market Experiences Decline in Weekly Trading Volume

According to PANews, recent data from CryptoSlam indicates a 7.84% decrease in NFT trading volume this week, dropping from $121.5 million to $109.2 million. Despite this decline, the number of buyers surged by 697.00% to 204,693, while sellers increased by 419.23% to 133,708. The total number of transactions fell by 5.46% to 1,497,932. On the Ethereum network, trading volume decreased by 11.28% to $32.7 million, although the number of buyers more than doubled, rising by 103.27% to 31,517. Conversely, the Bitcoin network saw a 4.63% increase in trading volume, reaching $22.8 million. The Mythos Chain network experienced a slight decline of 1.78% to $15 million, while the Solana network dropped significantly by 43.44% to $10.1 million. The top-selling NFTs this week included Beeple Special Edition #100020001, which sold for $464,480 (464,480 USDC), and another Beeple Special Edition #100020001, which fetched $441,000 (441,000 USDC). Known Origin #30101 sold for $390,000 (390,000 USDC), while CryptoPunks #4220 and #8968 sold for $251,307 (134.69 ETH) and $246,449 (128 ETH), respectively.