A recent week saw a decrease in trading volume for Non-Fungible Tokens (NFTs), as reported by PANews. The weekly volume dropped by 8.53% to reach $129.6 million, according to Crypto.news. Despite this decline, the number of buyers increased by 18.06%, reaching a total of 541,831 individuals. Meanwhile, sellers saw a growth of 17.05%, increasing to 385,179. Furthermore, NFT transactions rose by 11.96%, reaching an impressive 1,814,788.
Looking at specific networks, Ethereum recorded $54.5 million in trading volume, marking a slight decrease of 8.24% from the previous week. Polygon’s trading volume also grew by 16.12%, reaching $18.9 million. However, BNB Chain experienced a significant drop of 34.77%, with only $13.4 million in transactions.
On the other hand, Mythos Chain saw growth of 4.71% to reach $10.2 million in trading volume. Finally, Bitcoin’s trading volume decreased by 30.28%, settling at $7.7 million.
High-value transactions during the week involved multiple CryptoPunks sales: #4619 sold for 96 ETH ($446,764), #2400 sold for 73.5 ETH ($324,076), #5273 for 65 ETH ($283,399), #1721 for 60 ETH ($274,171), and #6373 for 55 ETH ($261,046).