The NFT market experienced a significant drop in trading volume last week, with figures falling by 39.93% to reach $94.91 million, as reported by Crypto.news. Despite this decline, the number of new buyers increased by 33.14%, reaching 509,798, while sellers rose by 21.04% to 413,225. However, the total number of transactions fell by 7.63%, settling at 1,543,392. The decline was particularly pronounced on the Ethereum network, which saw a decrease of 62.46% in trading volume, dropping to $36.75 million from the previous week. In contrast, Bitcoin’s trading volume witnessed a 15.57% rise, reaching $13.07 million. The Base network also experienced a notable decline of 34.8%, with trading volume falling to $9.24 million. Notably, high-value transactions this week included the sale of Known Origin #264609 for $246,984.31 (63.8 ETH), CryptoPunks #7839 for $174,846.97 (44.99 ETH), CryptoPunks #7378 for $173,119.61 (45 ETH), and CryptoPunks #7461 for $167,646.53 (42 ETH).