The NFT market has turned upward despite crypto price weakness, with Bitcoin falling 3% to $94,000 and Ethereum dropping sharply by 9% to $3,200.
Even though the broader crypto market cap has contracted to $3.3 trillion from last week’s $3.5 trillion market cap, the NFT market has turned positive.
According to CryptoSlam data, NFT sales volume has climbed 10.70% to $155.4 million this week. The rise in total sales comes alongside a notable drop in market participants, suggesting larger trades from fewer buyers.
The weekly metrics are as below:
- NFT sales volume rose to $155.4 million from $132.7 million last week
- NFT buyers fell 81.79% to 122,806
- NFT sellers dropped 73.24% to 104,090
- Transactions inched up 0.16% to 1,483,044
Blockchain networks show mixed results
Ethereum (ETH) NFT sales grew 13.09% to $61.9 million, though buyer numbers fell 65.62% to 24,836. Wash trading on the…
