NFT Sales Surge Despite Decline In Buyers And Sellers

According to PANews, NFT sales experienced a significant increase this week, reaching $95.72 million, marking a 14.99% rise compared to the previous week. This uptick comes after several weeks of declining transaction volumes. However, the number of buyers saw a dramatic decrease of 90.21%, while the number of sellers dropped by 88.80%. Ethereum emerged as the leading blockchain for NFT sales over the past seven days, recording $31.14 million in sales, which represents a 13.25% increase. Following closely, Bitcoin-centric NFT sales secured the second position with $26.01 million. Solana ranked third, with sales amounting to $12.97 million from November 2 to November 9. Despite the overall growth in sales, the sharp decline in both buyers and sellers highlights a shifting dynamic in the NFT market.