NFT Market Shows Modest Recovery with Increased Buyer Activity

The NFT market is experiencing a modest recovery, as recent data from CryptoSlam reveals a 1.95% increase in trading volume reaching $106.2 million within the past week. This growth was fueled by an impressive 55.08% rise in the number of buyers, reaching 826,992 individuals. Additionally, the total number of sellers surged by 18.12%, totaling 257,017. However, a notable decrease of 24.94% was observed in total transactions to 1,651,758.