NFT Sales Drop 16.7% Over the Past Week, Ethereum Sales Increase by 30%

According to a report by Jinse Finance, data from CryptoSlam shows that the NFT market experienced a significant decline over the past week, with sales dropping 16.76% to $105.7 million. Despite the overall market downturn, NFT buyers increased by 55.35% to 699,471, sellers grew by 19.22% to 242,898, and transaction volume surged 34.31% to 2,233,547. Ethereum NFT sales rose 28.43% to $36.5 million, solidifying its market position. Polygon maintained second place with $15 million in sales, despite a 25.88% decrease. Solana ranked sixth with $7.2 million, growing 17.78%. The number of buyers increased across most blockchains, with Polygon leading at 43.72% growth, followed by Solana at 37.39% and Bitcoin at 33.34%.