In the past 7 days, NFT transaction volume decreased by 35.15% month-on-month to US$112.7 million, and the number of buyers and sellers increased by more than 500% month-on-month.

PANews reported on February 16 that according to Crypto.news, according to CryptoSlam data, NFT transaction volume has dropped to US$112.7 million in the past 7 days. This is a decrease of 35.15% compared with the previous week. However, market participation has increased significantly, indicating that despite the lower overall value, the interest of new traders is increasing. NFT buyers surged 624.41% to 203,994; the number of NFT sellers increased 519.61% to 158,805; the number of NFT transactions fell slightly by 1.41% to 1,443,007.

Ethereum network transactions fell 41.25% to $56 million, and the number of buyers rose 81.43% to 30,598. Mythos Chain network ranked second with a transaction volume of $13.9 million, up 4.66%. Solana network, despite a 32.56% drop, still maintained its third position with $11 million. Polygon (formerly MATIC) network performed strongly and ranked fourth with a transaction volume of $8.1 million, up 10.76%. The Bitcoin network fell to fifth place with a transaction volume of $6.7 million, down 71.42%.

The best-selling NFTs this week are as follows:

• Uncategorized Ordinals #8912771: $7,749,449 (80.1296 BTC)
• CryptoPunks #2550: $331,955 (125 ETH)
• CryptoPunks #793: $146,683 (53.5 ETH)
• CryptoPunks #9634: $128,988 (47.5 ETH)
• CryptoPunks #9701: $122,883 (45 ETH)