NFT Market Experiences Explosive Growth with Surge in Buyer Activity

The NFT market has experienced a significant surge in activity over the past week, according to recent reports from PANews and Crypto.news. Trading volume jumped by 30% to reach $173.2 million, fueled by a robust increase in both buyer and seller participation. The number of NFT buyers surged by an impressive 190.41%, reaching 214,716 individuals, while sellers increased by 168.71% to over 115,289 participants. However, the total transaction volume decreased slightly by 10.65% to 1,553,949. 3, 4 5 , Ethereum network transactions saw a remarkable increase of 85%, reaching $105.4 million, followed by BNB Chain’s rise of 33.48%. Polygon experienced a decline of 35.51% with $11.5 million in transaction volume, while Mythos Chain’s numbers dropped by 3.52% to $9.3 million. Solana saw a positive trend with transactions increasing by 10.14%, reaching $8.9 million. Notable sales from the Bored Ape Yacht Club collection took center stage. A particular highlight included the sale of Bored Ape #4795 for a whopping 200 ETH, equating to over $909,183, and other notable sales, including #2337, #9670, and #7706, each fetching between 140 ETH and $634,809. Notably, the sale of #9670 for 100 ETH added to the overall excitement. #MATIC #BNB #ETH #NFT