NFT transaction volume fell by 35.15% month-on-month to US$112.7 million in the past seven days, 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 seven days. This is a 35.15% drop compared to the previous week. However, market participation has increased significantly, indicating that interest among new traders is increasing despite the low overall value. NFT buyers surged by 624.41% to 203,994; NFT sellers increased by 519.61% to 158,805; NFT transactions fell slightly by 1.41% to 1,443,007.

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

The best-selling NFTs of the 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)