PANews reported on December 29 that according to Crypto.news, CryptoSlam data shows a significant pullback in the NFT market over the past week, with total trading volume plummeting 49.77% to $152.7 million. Despite the sharp decline in trading volume, market participation metrics indicate sustained interest from both new and old traders. The number of NFT buyers increased by 50.97%, reaching 531,208, while the number of NFT sellers grew by 47.14%, reaching 308,666.
Ethereum network NFT trading volume dropped 62% to $75.3 million. Despite the decrease in trading volume, the network still had 63,054 buyers, an increase of 42.91%. Bitcoin network NFT also showed a similar trend, with trading volume down 30% to $28 million. However, the network experienced strong user growth, with the number of buyers reaching 59,311, an increase of 52.13%. Solana network NFTs, despite a 58.71% drop in trading volume to $13.9 million, maintained third position. The network continued to show strong user engagement, with the number of buyers reaching 180,111, an increase of 68.43%.
Pudgy Penguins trading volume plummeted 76.65% to $12.6 million, with buyer participation down 69.92%. Despite a 41.94% drop in trading volume, Azuki surged to second place with $9.3 million in trading volume. BRC-20 NFT trading volume fell 30.68% to third place at $6.5 million.
Notable trades this week include:
Azuki #3535 sold for $427,000 (125 ETH)
CryptoPunks #6797 sold for $159,792 (49 ETH)
CryptoPunks #3017 sold for $156,815 (47 ETH)
CryptoPunks #704 sold for $156,488 (46 ETH)
CryptoPunks #5792 sold for $155,949 (45.9849 ETH)