The NFT market is experiencing an interesting shift—trading volume is down, but participation is up. According to CryptoSlam (via PANews), NFT trading volume dropped 35.15% over the past week to $112.7 million, yet the number of buyers skyrocketed 624.41% to 203,994, and sellers increased 519.61% to 158,805. This suggests that while high-value transactions have slowed, more people are entering the space.
📉 Ethereum: Trading volume down 41.25% to $56 million, but buyers surged 81.43% to 30,598.
📈 Mythos Chain: Ranked second, with $13.9 million, marking a 4.66% increase.
📉 Solana: Held third place with $11 million, despite a 32.56% decline.
📈 Polygon: Ranked fourth at $8.1 million, up 10.76%.
📉 Bitcoin: Dropped to fifth place, with $6.7 million, a massive 71.42% drop.
Despite the lower total transaction volume, the rise in market participation could signal renewed retail interest, potentially setting the stage for a rebound in NFT demand.
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