NFT transaction volume fell by 0.05% to US$129.8 million in the past 7 days, and Avalanche network transaction volume increased by more than 200%
PANews reported on May 25 that according to Crypto.news, CryptoSlam data showed that the NFT market declined slightly in the past week, with transaction volume down 0.05% month-on-month to $129.8 million. Market participation has increased, with the number of NFT buyers increasing by 61.18% to 443,548, and the number of NFT sellers increasing by 31.87% to 199,129. The number of NFT transactions also increased by 15.39% to 1,697,343.
The Ethereum network maintained its lead with $29.6 million in transaction volume, but its transaction volume dropped by 26.22% compared with the previous week. The Avalanche network jumped to second place with $22.3 million in transaction volume, an increase of 202.92%. The Polygon network ranked third with $21.3 million and achieved a growth of 45.98%. The Bitcoin network fell to fourth place with a transaction volume of $18.2 million, a decrease of 21.85% from last week.
This week’s top deals include:
- CryptoPunks #3609 sold for 440 ETH ($1,089,338)
- CryptoPunks #2537 sold for 80 ETH ($197,242)
- CryptoPunks #2542 sold for 59 ETH ($155,440)
- CryptoPunks #6479 sold for 58.4 ETH ($149,478)
- CryptoPunks #7161 sold for 53.69 ETH ($142,816)