NFT Market: Buyer Boom Despite Transaction Drop

Recent data reveals a significant surge in participation within the NFT ecosystem, with buyer numbers skyrocketing by 77.11% to reach nearly 300,000, while seller numbers climbed by 106.26%. This positive trend is encouraging, though the total number of NFT transactions decreased by 12.67%, reaching 940,416. This suggests that investor enthusiasm remains high but market price fluctuations are influencing investment behaviors and causing a decline in transaction volume.