The week from August 25 to 31 was challenging for the non-fungible token (NFT) market, where trading volume fell by 13% compared to the previous week.
Decrease in NFT Sales Volume
According to data compiled by CryptoSlam.io, the global NFT market recorded a trading volume of over $127 million for the past week, which marks a decrease of more than 13% from the previous week. This decline indicates that the NFT market is cooling off after a recent surge.
Top NFT Sales This Week
This week’s leading NFT collections include:
1. **Courtyard** - trading volume of $17 million, an increase of 18.32%. 2. **CryptoPunks** - trading volume of $7.6 million. 3. **DMarket** - trading volume of $5 million, an increase of 9.90%. 4. **Pudgy Penguins** - trading volume of $4.7 million, an increase of 25%. 5. **Moonbirds** - trading volume of $4.1 million. 6. **DKT** - trading volume of $3.6 million, a decrease of 11%. 7. **GoG Heroes** - trading volume of $3 million, a decrease of 14%. 8. **Strike Perp Position** - trading volume of $3.1 million, a decrease of 2.25%. 9. **Bored Ape Yacht Club** - trading volume of $2.8 million, a decrease of 13%. 10. **$?? BRC-20** - trading volume of $2.5 million, a decrease of 14%.
Overview of Successful NFT Collections
Among the leading blockchain networks, Ethereum showed the highest trading volume, amounting to $51 million, although down by 13% from the previous week. Polygon came in second with an impressive $18 million and an increase of 15%. The Bitcoin network recorded a trading volume of $10 million, which is a 6.80% decrease. Meanwhile, both BNB Chain and Mythos Chain also demonstrated trading volumes of $10 million.
Thus, despite the noticeable decline in trading volumes in the NFT market, some collections continue to show growth, emphasizing the diversity and complexity of the market's current state.
