NFT Market Sees Significant Growth Amid Decline In Buyer Numbers

According to PANews, NFT trading volume has surged to $121.5 million this week, marking a 15.27% increase from the previous week. Despite this growth, the number of NFT buyers plummeted by 94.39% to 25,641, while sellers decreased by 91.84% to 25,717. The number of transactions rose by 5.21%, reaching 1,615,020. On the Ethereum network, trading volume increased by 50.76% to $37.6 million, although the number of buyers fell by 69.09% to 15,471. Bitcoin network trading volume decreased by 17.21% to $21 million. Solana network trading volume reached $18 million, growing by 51.24% and securing the third position. Mythos Chain network trading volume was $15.2 million, up by 2.84%, ranking fourth, while Polygon network trading volume was $13.5 million, down by 7.98%. Notable high-value transactions this week included: - CryptoPunks #4464: $2,196,232 (1011 ETH) - Uncategorized Ordinals #7d0: $1,321,676 (14 BTC) - CryptoPunks #8868: $646,201 (288.88 ETH) - CryptoPunks #364: $342,136 (160 ETH) - SuperRare #38335: $219,441 (100 ETH)