NFT Market Sees 10% Growth in Weekly Trading Volume

According to PANews, recent data from CryptoSlam indicates that the NFT market experienced a 10.44% increase in trading volume over the past week, reaching $136.5 million. Despite this growth, market engagement metrics remained stable, with the number of NFT buyers unchanged at 1,061,348, maintaining a growth rate of 50.56%. The number of NFT sellers rose by 8.09% to 38,494, while the total number of NFT transactions decreased by 19.72% to 1,357,295. The Immutable network recorded a trading volume of $43.9 million, marking a 30.27% increase from the previous week. The Polygon network saw a significant rise of 51.53% in trading volume, reaching $25 million. In contrast, the Ethereum network experienced a decline of 8.63%, with a trading volume of $22.5 million. Notable high-value transactions this week included the sale of CryptoPunks #1831 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).