NFT Market Shows Slight Decline, Participation Soars Amidst Increased Trading Activity

Recent data from CryptoSlam reveals a slight decline in the NFT market over the past week. Transaction volume decreased by 0.05% to $129.8 million, according to reports. Despite this, participation has surged with the number of buyers jumping 61.18%, reaching 443,548. Similarly, sellers increased by 31.87% to 199,129. The total number of transactions also rose 15.39%, hitting 1,697,343. 0. Notably, the Ethereum network remains a dominant force in sales, generating $29.6 million despite a 26.22% decrease compared to last week’s figures. The Avalanche network climbed into second place with an impressive surge of 202.92% growth, followed closely by Polygon’s 45.98% growth on their sales. Meanwhile, the Bitcoin network slipped into fourth position, witnessing a 21.85% decline from last week’s figures. Notable high-value transactions included the sale of CryptoPunks #3609 for 440 ETH ($1,089,338), CryptoPunks #2537 for 80 ETH ($197,242), CryptoPunks #2542 for 59 ETH ($155,440), and a series of other notable high-value transactions involving CryptoPunks.