The NFT trading volume has dropped by about 50% in the past week

According to data from CryptoSlam, the NFT market has seen a significant correction in the past week, with total sales falling by 49.77% to $152.7 million. However, market participation indicators show that interest among both new and old traders continues to grow: The number of NFT buyers increased by 50.97%, reaching 531,208 people; the number of NFT sellers increased by 47.14%, reaching 308,666 people; the number of NFT transactions decreased by 13.26%, amounting to 1,477,340; there was a significant decrease in NFT sales compared to last week's $302.2 million.