NFT Trading Volume Declines While Ethereum and Bitcoin NFTs See Growth

According to PANews, NFT trading volume experienced a decline last week, totaling $77.46 million, which represents an 8.78% decrease compared to the previous period. Both buyers and sellers saw significant reductions, with buyers decreasing by 64.47% and sellers by 66.40%. Despite the overall downturn, Ethereum NFTs led the market with a trading volume of $27 million, marking a 4.95% increase year-over-year. Bitcoin NFTs followed closely with a trading volume of $16.78 million, showing a substantial growth of 29.36%. Solana NFTs ranked third with a trading volume of $11.38 million, reflecting a 1.95% year-over-year increase.