NFT Market Sees Significant Growth with Increased Buyer Activity

According to PANews, the NFT market experienced a notable increase in trading volume over the past week, rising by 30% to reach $173.2 million, as reported by Crypto.news. The number of NFT buyers surged by 190.41% to 214,716, while sellers increased by 168.71% to 115,289. However, the number of transactions decreased by 10.65%, totaling 1,553,949. Ethereum network transactions amounted to $105.4 million, marking an 85% increase from the previous week. BNB Chain network transactions reached $18.1 million, up by 33.48%. In contrast, Polygon network transactions fell by 35.51% to $11.5 million, and Mythos Chain transactions decreased by 3.52% to $9.3 million. Solana network transactions grew by 10.14%, totaling $8.9 million. High-value transactions this week included several sales from the Bored Ape Yacht Club collection. Bored Ape Yacht Club #4795 was sold for 200 ETH, equivalent to $909,183. Other notable sales included Bored Ape Yacht Club #2337, #9670, and #7706, each sold for 140 ETH, approximately $634,809 and $633,982 respectively. Additionally, Bored Ape Yacht Club #9670 was sold for 100 ETH, amounting to $453,435.