Recent data reveals a 6% drop in non-fungible token (NFT) sales volume, totaling $84.6 million amidst the crypto market price decline. Despite minor positive signals in the market, all progress appears to have been nullified.
The global crypto market cap currently stands at $2.31 trillion, reflecting a 1.39% decrease according to CoinMarketCap data. Last week’s NFT sales volume was $89.1 million, indicating a 6% decrease based on the latest statistics from CryptoSlam.
Ethereum maintains its top position with $28.3 million in sales, while Solana holds second place for the second consecutive week. The number of NFT buyers has surged by 21%, with a 30% increase in NFT sellers compared to the previous week.
In the Ethereum blockchain, NFT sales saw a decline of over 6.6%, dropping from $31.1 million to $28.3 million. Conversely, the number of NFT buyers on the Ethereum platform rose by 17.4% to 56,021.
Solana retained its second-ranking position for two weeks despite an 11.3% decrease. The Solana blockchain’s NFT volume hit $16.1 million, accompanied by a 27.7% rise in the number of NFT buyers to 385,272.
Bitcoin witnessed a minimal 2.78% sales drop, reaching $14.12 million. Mythos Chain and Immutable also experienced declines in NFT sales volume, while DMarket and Guild of Guardians Heroes 2 claimed top positions in sales.
The highest NFT sales were observed in collections like Wrapped Ether Rock, CryptoPunks, Sorare, and ART BLOCK, indicating continued interest in the NFT market.
