NFT Market Sees Decline in Transaction Volume Despite Increase in Buyers

According to PANews, the NFT market experienced a decrease in transaction volume this week, totaling $102 million, marking a 3.19% drop from the previous week. Despite this decline, the number of NFT buyers surged by 71%, reaching 350,063, while the number of sellers increased by 68.57% to 225,465. The total number of transactions rose by 16.90%, amounting to 1,696,996. The Ethereum network saw a 13.03% decrease in NFT transactions, totaling $27.7 million, although the number of buyers grew by 42.17% to 44,850. Bitcoin network transactions fell by 30.69% to $16.3 million, with buyer numbers rising by 63.67% to 31,251. Meanwhile, the Mythos Chain network experienced a slight increase of 3.12%, reaching $15.6 million, ranking third. Notable transactions this week included CryptoPunks #6634, which sold for $431,243 (222.5 ETH), Azuki #641 for $209,021 (110 WETH), and several Autoglyphs, including #166 for $198,308 (103 ETH), #275 for $189,198 (100 WETH), and #402 for $188,475 (99.9 ETH).