NFT Market Sees Surge of Buyers Despite Volume Decline

The NFT market experienced a noteworthy shift this week, witnessing an increase in both buyer and seller participation. The number of buyers jumped by 77.11% to reach 293,459, while sellers surged by 106.26%, totaling 284,166. Despite this surge in participants, overall NFT transaction volume fell by 12.67% to 940,416. Experts suggest that despite robust interest, the decline in transactions may be linked to price fluctuations impacting investor decisions.