Last week, the NFT sales volume experienced a significant increase. Yet, the total number of traders involved in the market decreased.
sales increased significantly, indicating a revitalized interest in this sector. Also, analysis of various networks revealed significant shifts in their sales volumes, suggesting dynamic changes in buyer activity and market trends.market experienced a significant increase in sales volume over the past week, rising to over $109 million, a 7.68% increase.
This growth in sales volume is particularly notable given the contrasting backdrop of a sharp decline in the number of NFT buyers and sellers, which dropped by 68.00% and 67.78%, respectively. Despite the reduced number of market participants, NFT transactions saw a substantial rise, skyrocketing by nearly 21% to reach 2,435,539 trades.
This increase in transactions suggests that while fewer individuals engage in the market, those who remain are significantly more active, possibly capitalizing on market conditions or specific opportunities within the NFT space.The recent data analysis from Crypto Slam highlighted the notable increase in NFT sales volume and how major networks contributed.registered the second-highest sales volume with over $27 million, showing a significant increase of almost 38% from the previous week.
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