NFT Market Booms: Trading Volume Soars Amidst Renewed Buyer Activity

The NFT market has witnessed a robust resurgence in recent weeks, as data from CryptoSlam indicates a significant surge in trading volume. Over the past week, volumes surged by 17.16%, reaching $130.7 million. This increase is largely attributed to a rise in both buyers and sellers, with buyer numbers skyrocketing by 138.96% to reach 259,264, while seller participation jumped by 98.69% to 137,347. However, the number of NFT transactions saw a slight decrease of 1.14%, reaching 1,498,668.