Despite the overall crypto market reaching new heights, the NFT market has experienced a slight drop with sales volume dropping by 0.05% to $129.8 million.
Bitcoin (BTC) has surged to the $108,000 level after hitting $111,000, a new ATH. At the same time, Ethereum (ETH) has shown a mild recovery to the $2,700 level in the last seven days and has now dropped to the $2,500 level. The global crypto market cap is now $3.42 trillion, up from last week’s $3.29 trillion.
According to data from CryptoSlam, market participation has increased. NFT buyers grew by 61.18% to 443,548, and NFT sellers rose by 31.87% to 199,129. NFT transactions have also risen by 15.39% to 1,697,343.
Ethereum leads with $29.6m in NFT sales
Ethereum maintains its dominant position with $29.6 million in sales. However, it has seen a 26.22% decline from the previous week and wash trading has decreased by 57.18% to $2…
