This past week, the overall non-fungible token market was a mixed bag.
NFT sales volume dropped by 11.92%, totaling $81.8 million, while the number of NFT buyers increased by 173.25% to 327,594.
Let’s take a look at some of the key metrics that characterized the NFT market over the last seven days based on data from CryptoSlam.
Key blockchain performances
Ethereum (ETH) continued its dominance in terms of NFT sales volume. Despite a more than 10% drop from the previous week, the network still managed to rake in over $28 million — a figure accompanied by a notable rise in buyer activity, which went up 42.5%.
Solana (SOL) came in second after it generated more than $16 million in NFT sales. However, the figure represented a 15% decline, even though the network witnessed a staggering 245.93% increase in buyers. It also saw a nearly 6% drop in wash trading activities.
Bitcoin (BTC) maintained the third spot for a third week…
