The NFT transaction volume has decreased by 35.15% to 112.7 million US dollars in the past 7 days compared to the previous period

According to CryptoSlam data reported on February 16, NFT trading volume over the past seven days has decreased to $112.7 million, a decline of 35.15% compared to the previous week. However, market participation has significantly increased, indicating that despite the lower overall value, interest from new traders is rising. The number of NFT buyers surged by 624.41% to 203,994 individuals; NFT sellers increased by 519.61% to 158,805 individuals; and the number of NFT transactions slightly decreased by 1.41% to 1,443,007.

Ethereum network transactions dropped by 41.25% to $56 million, but the number of buyers rose by 81.43% to 30,598.

The Mythos Chain network ranked second, with transaction volumes of $13.9 million, up by 4.66%. The Solana network, despite a 32.56% decline, maintained its third position with $11 million. The Polygon (formerly MATIC) network showed strong performance, ranking fourth with transaction volumes of $8.1 million, an increase of 10.76%. The Bitcoin network fell to fifth place, with transaction volumes of $6.7 million, decreasing by 71.42%.