NFT Market Experiences Significant Decline in Weekly Sales

According to PANews, the NFT market has cooled this week, with total sales dropping from $137.9 million to $119.5 million, marking a 33% decrease from the previous week. Data from CryptoSlam reveals that the Ethereum network saw a 38.43% decline, yet it maintained the top position with $62.6 million in sales. The number of buyers on Ethereum fell by 71.26% to 16,852. Mythos Chain rose to second place with $13.9 million in sales, a 4.66% increase from the previous week. Solana ranked third with $11 million in sales, experiencing a 32.56% decline. Despite a 37.55% drop in sales to $9.1 million, Pudgy Penguins remained the leading collection, with stable buyer interest from 172 participants. DMarket secured the second spot with $8.7 million in sales, a 7.98% increase, and maintained a high transaction volume of 322,241. Courtyard held third place with $7.3 million in sales, a 25.78% increase, attracting 10,935 buyers. CryptoPunks fell to fourth place with $5.2 million in sales, a 30.01% decrease, while Azuki dropped to fifth with $5 million in sales, down 79.17%. Notable transactions this week included: - CryptoPunks #8868: $558,008 (206 ETH) - Autoglyphs #320: $309,450 (100 WETH) - Autoglyphs #491: $267,998 (100 WETH) - CryptoPunks #7585: $242,639 (85 ETH) - Autoglyphs #331: $235,343 (87.0107 WETH)