NFT sales have experienced a significant decline, dropping 42.42% to $93.18 million, according to data from CryptoSlam. Pudgy Penguins, a popular NFT collection, saw a dramatic 76.27% decrease in sales, totaling $3.8 million. Despite the downturn, DMarket led the market with $9.05 million in sales.
Ethereum maintained its position as the leading blockchain for NFTs, recording $35 million in sales, although this represents a 65% decrease from the previous week. Interestingly, the number of NFT buyers increased by 33.09% to 509,668, while sellers rose by 21.04% to 413,225, indicating a growing interest in the market despite the overall sales slump.
NFT Sales Plummet 42% to $93 Million, Pudgy Penguins Hit Hard
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