NFT Market Sees Slight Recovery Amid Decline in Buyer and Seller Numbers

According to PANews, recent data from CryptoSlam indicates a modest recovery in the NFT market, with transaction volumes increasing by 5.69% to reach $106.6 million over the past week. Despite this uptick, the number of NFT buyers fell by 69.84% to 180,693, while sellers decreased by 70.87% to 123,713. The total number of NFT transactions rose by 2.60% to 1,754,295. The Ethereum network saw a transaction volume of $34.02 million, marking a 4.95% decline from the previous week. In contrast, the Mythos Chain network experienced a significant increase of 61.06%, reaching $15.50 million. Meanwhile, the Polygon network's transaction volume dropped by 14.39% to $13.37 million. Among the week's notable high-value sales were several CryptoPunks NFTs. CryptoPunks #2368 sold for 89 ETH, equivalent to $408,599. Other significant sales included CryptoPunks #5702 at 57.95 ETH ($264,994), CryptoPunks #8464 at 48.5 ETH ($225,753), CryptoPunks #6557 at 50 ETH ($220,923), and CryptoPunks #5935 at 46.5 ETH ($216,444).