NFT Market Experiences Decline in Weekly Trading Volume
According to PANews, the NFT market has seen a 10.18% decrease in trading volume over the past week, amounting to $66.71 million, as reported by Crypto.news. The number of NFT buyers fell by 66.91% to 165,759, while sellers decreased by 70.44% to 120,912. Additionally, the number of NFT transactions dropped by 13.88%. Ethereum network's trading volume reached $24.93 million, marking a 3.02% decline from the previous week. In contrast, the BNB Chain network saw a 45.64% increase in trading volume, reaching $10.83 million, and the Solana network experienced a 48.27% rise, totaling $5.65 million. Notable high-value transactions this week included the sale of CryptoPunks #6615 for $153,356.75 (47.99 ETH), CryptoPunks #309 for $134,530.52 (42 ETH), CryptoPunks #4566 for $123,808.45 (39.9 ETH), and CryptoPunks #4172 for $111,232.08 (33 ETH).
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