NFT trading volume fell by about 50% in the past week

According to CryptoSlam data, the NFT market experienced a significant decline in the past week, with total sales dropping by 49.77% to $152.7 million. However, market participation indicators show continued growth in interest from both new and old traders: NFT buyers increased by 50.97% to reach 531,208 people; NFT sellers increased by 47.14% to reach 308,666 people; NFT transaction volume decreased by 13.26% to reach 1,477,340; and NFT sales decreased significantly compared to last week's $302.2 million.