NFT transaction volume fell 33% month-on-month to $119.5 million in the past seven days

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PANews
02-09
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PANews reported on February 9 that according to Crypto.news, CryptoSlam data shows that the NFT market cooled down this week, with the total trading volume dropping from $137.9 million to $119.5 million, a decrease of 33% from the previous week.

The Ethereum network fell by 38.43% quarter-on-quarter, but still maintained the top position with a trading volume of $62.6 million, with the number of buyers decreasing by 71.26% to 16,852; Mythos Chain rose to second place with a trading volume of $13.9 million, an increase of 4.66% quarter-on-quarter. Solana ranked third with a trading volume of $11 million, a decrease of 32.56% quarter-on-quarter.

Although the trading volume decreased by 37.55% to $9.1 million, Bored Ape Yacht Club still maintained a leading position. The buyer interest in this series remained stable, with 172 participants. DMarket ranked second with a trading volume of $8.7 million, an increase of 7.98%, and the number of transactions remained high at 322,241. Courtyard ranked third with a trading volume of $7.3 million, an increase of 25.78% quarter-on-quarter, attracting 10,935 buyers. CryptoPunks fell to fourth place with a trading volume of $5.2 million, a decrease of 30.01%, while Azuki fell to fifth place with a trading volume of $5 million, a decrease of 79.17%.

Notable transactions this week include:

  • CryptoPunks #8868: $558,008 (206 ETH)
  • Autoglyphs #320: $309,450 (100 WETH)
  • Autoglyphs #491: $267,998 (100 WETH)
  • CryptoPunks #7585: $242,639 (85 ETH)
  • Autoglyphs #331: $235,343 (87.0107 WETH)

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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