Trading Volume on NFT Market Soars by More Than 11% in a Week: Report
Last week, the volume of NFT transactions increased by 11.6% to $146 million, according to Cryptoslam. At the same time, the amount of sales underwent a slight decreasing by about 2% to 2,271,293.
However, the number of participants in the market of tokenized collections jumped by 95%.
Over 664,000 buyers were identified, and Ethereum was the blockchain to experience the highest activity.
Transactions with ETH-based digital images reached $85.43 million.
On the other hand, NFTs based on BTC brought in a turnover of $21.38 million. In the top five blockchains capable of running tokenized art are Solana, Binance Chain, and Mythos.
In comparison to the overall value of $333 million reported by DappRadar on May 1st, trading activity has been on the decline since the beginning of the year.
