NFT transaction volume fell by 25.78% to $134 million this week, according to CryptoSlam data. Despite the decline in volume, the number of NFT buyers rose by 25.74% to 450,096, and sellers increased by 25.91% to 321,107. The total number of NFT transactions also grew by 6.26% to 1,652,284.
Ethereum network's transaction volume dropped 41.63% to $60.7 million, while BNB Chain saw a 10.63% increase to $20.6 million. Polygon network's volume surged 37.86% to $16.1 million, and Mythos Chain rose 3.17% to $9.7 million. Solana network experienced a 13.63% decline to $7.5 million. Notable sales included CryptoPunks #1082 for 80 ETH ($350,969) and CryptoPunks #2596 for 72.99 ETH ($315,628).
NFT Market Sees 25.78% Drop in Transaction Volume Despite Increased Activity
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