NFT Market Sees Significant Rebound with Increased Trading Volume

According to PANews, recent data from CryptoSlam reveals a robust rebound in the NFT market over the past week, with trading volume surging by 17.16% to reach $130.7 million. The number of NFT buyers increased by 138.96%, totaling 259,264, while the number of sellers rose by 98.69% to 137,347. However, the number of NFT transactions saw a slight decline of 1.14%, amounting to 1,498,668 transactions. Ethereum continues to dominate as the primary blockchain for NFTs, with a trading volume of $41.3 million, marking a 21.47% increase from the previous week. Bitcoin has climbed to the second position with a trading volume of $22.6 million, reflecting a significant rise of 53.53%. Polygon recorded a trading volume of $14.5 million, experiencing a decrease of 22.85%. Mythos Chain secured the fourth spot with $13.3 million in trading volume, while Solana ranked fifth with $8.9 million, showing a growth of 17.31%. This week's notable high-value transactions include Known Origin #30101, sold for 410,532.5625 USDC ($410,532), CryptoPunks #3281, sold for 148 ETH ($384,286), CryptoPunks #1507, sold for 80 ETH ($204,711), CryptoPunks #9460, sold for 81 ETH ($202,324), and Mutant Ape Yacht Club #30001, sold for 194,815.0469 USDC ($194,815).