NFT Market Cools Down: Sales Slide Nearly 8% Amidst Buyer Plunge

Over the past week, NFT market sales saw another drop, decreasing by 7.91% compared to the previous period. The number of buyers took a steep hit, plummeting 73.46%, while sellers also declined notably, down 61.18% from the prior week.

NFT Market Sales Down 7.91% as Buyers and Sellers Withdraw

Over the past week, NFT market sales reached $74.86 million, reflecting a 7.91% decline from the previous week, as per DappRadar data. Ethereum led in blockchain sales volume, generating $27.25 million, though sales of Ethereum-based NFTs dropped by 9.73%. Bitcoin secured the second position with $14.89 million, showing a 31.01% increase, while Solana came in third with $12.47 million, marking a 12.31% decrease.