NFT Market Experiences Modest Recovery with Increased Buyer Activity

According to PANews, recent data from CryptoSlam indicates a modest recovery in the NFT market over the past week, with a 1.95% increase in trading volume, reaching $106.2 million. The number of NFT buyers surged by 55.08%, totaling 826,992, while the number of sellers rose by 18.12% to 257,017. However, the total number of NFT transactions fell by 24.94% to 1,651,758. The Ethereum network maintained its lead with a trading volume of $30.3 million, despite a 15.57% decrease from the previous week. The Immutable network saw a significant rise to second place with a trading volume of $16.4 million, marking a 123.21% increase. The Bitcoin network ranked third with a trading volume of $15.1 million, up 17.81% week-over-week. Mythos Chain followed in fourth place with $14 million, a 3.26% increase, while the Polygon network recorded a trading volume of $13.9 million, down 7.72%. The Solana network experienced a decline, with a trading volume of $6.1 million, a decrease of 13.31%. Notable high-value sales this week included CryptoPunks #1831, sold for 150 ETH ($389,846), CryptoPunks #9778 for 150 ETH ($377,958), CryptoPunks #4868 for 76.5 ETH ($201,933), CryptoPunks #5586 for 70.07 ETH ($185,292), and CryptoPunks #7516 for 60 ETH ($158,378).