2024-04-01 07:11:51
The sales numbers produced by non-fungible tokens (NFT) have reached their lowest point once more. The decrease has been going on for three weeks in a row, and compared to the situation seven days ago, we can talk regarding a 14.97% drop.
A week ago, the sales volume of the NFT market amounted to 233 thousand dollars. This value is almost 15% less compared to the period a week before.
There are more and more players on the NFT market
A Cryptoslam.io according to your data this decrease did not discourage the market participants, as the number of buyers increased by 25.61%, and the number of sellers by 21.75%. All told, the market has handled almost 2 million transactions, most of which are related to bitcoin.
Bitcoin’s contribution to NFT sales can be measured at $82.61 million. With Ethereum, on the other hand, a turnover of 73 million dollars was generated in the market, which is roughly a 27% decrease compared to the data of the previous week.
The two flagships are followed by Solana with $46.61 million, then Polygon and Mythos Chain are also significant players with a turnover of $7.3 and $7.16 million, respectively. An interesting observation is that while the native cryptocurrencies of most leading blockchains fell, Mythos Chain posted a 0.92% increase.
The most successful NFT collection in the past seven days was Uncategorized Ordinals, which generated $20.4 million in turnover. Despite the outstanding performance, this still means a 43% drop compared to the last seven days. It is followed by the BFC-20 NFT collection with $13.24 million – a figure that represents a 759.91% increase in one week. Apart from them, Mad Lads and Bored Ape Yacht Club (BAYC) were also popular. The most expensive NFT sale happened on Ethereum, Arcade.xyz Vault Key sold 346,089 to be exact six days ago.
The market is therefore experiencing serious fluctuations, new players are emerging and old ones are disappearing. This creates a complex and ever-changing market environment in which risk-seeking investors can find their calculations best.
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