The NFT market continues its positive run with sales volume increasing by 10.69% to $115 million.
According to data from CryptoSlam, this is the second consecutive week of growth for the sector. Bitcoin (BTC) price has recovered to the $103,000 level. At the same time, Ethereum (ETH) has shown a 35% recovery in the last seven days and is hovering at the $2,400 level.
The global crypto market cap is now $3.33 trillion, up from last week’s $3 trillion. Despite rising sales, market participation has declined sharply, with NFT buyers dropping by 76.8% to 126,075. Also, NFT sellers fell by 74.42% to 72,336. NFT transactions have also decreased by 11.57% to 1,524,846.
Ethereum NFT sales surge 54%
Ethereum has strengthened its position with $37.5 million in sales, which surged by 54.17% from the previous week. Ethereum’s wash trading has also increased by 50.24% to $4.9 million.
Polygon (POL)…
