NFT Market Sees Major Transaction Volume Decline

The NFT sector has experienced a significant downturn in activity, with transaction volume and user participation declining sharply. Key data from CryptoSlam reveals a 9.22% drop in total transactions to $85.31 million for the week ending November 6, 2025. This follows a similar trend on major platforms like Ethereum, Base, and Mythos Chain, where transaction volume fell by 14.97%, 27.35%, and 11.3% respectively. Despite this overall decline, high-value CryptoPunks sales continue to defy market trends.