NFT Market Sees Decline Despite Rising Participation

Recent data reveals a significant dip in NFT transaction volume, despite an increase in both buyer and seller activity. The market saw a 30.73% decline in overall trading volume last week, according to Crypto.news’s analysis using CryptoSlam data. This drop contrasts with a growing participation rate, with buyer activity rising by 22.82%, and seller engagement increasing by 13.54%. Experts attribute this complex dynamic to the ongoing interplay between declining volumes and increasing user involvement.