Odaily News CryptoSlam data shows that the NFT market has seen a sharp decline in the past week, with transaction volume falling 18.43% to $116.9 million. The number of NFT buyers remained unchanged at 1,061,348 (maintaining a 50.56% increase), and the number of NFT sellers increased by 8.09% to 38,494. The number of NFT transactions fell slightly by 0.63% to 1,709,086.
The transaction volume of the Immutable network decreased to 28.3 million US dollars, a decrease of 32.23% from the previous week. The transaction volume of the Polygon network reached 23.3 million US dollars, an increase of 24.98% from the previous week, surpassing Ethereum. The Ethereum network fell to third place with a transaction volume of 20.4 million US dollars, a decrease of 32.06% from the previous week. The Mythos Chain network maintained the fourth place with a transaction volume of 14.1 million US dollars, only a slight decrease of 0.03%. The Solana network climbed to fifth place with a transaction volume of 8.7 million US dollars, an increase of 42.74%.