NFT Market Experiences Significant Decline in Weekly Transactions

According to PANews, the NFT market has seen a notable decrease in activity over the past week, with transaction volumes dropping by 9.22% to $85.31 million. The number of NFT buyers fell sharply by 96.75%, reaching 20,349 individuals, while sellers decreased by 95.05% to 23,241. Additionally, the number of transactions declined by 4.21%, totaling 1,405,561. The Ethereum network recorded a transaction volume of $33.42 million, marking a 14.97% decrease from the previous week. The Base network saw its transaction volume fall by 27.35% to $7.25 million, and the Mythos Chain network experienced an 11.3% decline, reaching $7 million. Among the high-value transactions this week were several CryptoPunks sales: CryptoPunks #8295 sold for $196,275.14 (54.69 ETH), CryptoPunks #5361 for $173,369.70 (45 ETH), CryptoPunks #5295 for $165,743.73 (49.99 ETH), CryptoPunks #9537 for $160,023.86 (41.5 ETH), and CryptoPunks #2845 for $151,059.23 (39 ETH).