The NFT market continues to show a downward trend, with trading sales volume falling back to levels seen last year. Over the past seven days, global trading sales amounted to $96 million, down 6.70% from the previous week.
Current State of the NFT Market
According to data from cryptoslam.io, the global NFT market recorded a negative trend again this week. From March 23 to March 30, the sales volume reached $96 million, down 6.70% from the previous week, when it stood at $106 million, itself down 11% from the prior period.
Top Traded Blockchains of the Week
Ethereum was the most traded blockchain network for NFTs in the past week, showing an 8.36% increase in sales volume to $29 million. Polygon was the second most traded, with $17 million in sales, though its volume decreased by 0.28%. Mythos Chain was third, recording $13 million with a decrease of 25.53%. Solana and Immutable complete the top five with sales volumes of $8.5 million and $7 million, respectively.
Top Selling NFT Collections of the Week
Top-sellers for the last week include the Courtyard NFT ($15 million), DMarket NFT ($8.3 million), Guilds Of Guardians Heroes NFT ($4.7 million), and CryptoPunks NFT ($4 million). The Fx-wsteth-position NFT collection showed a significant increase in trade volume by 1,206%.
Despite the overall decline in NFT trading volumes globally, key networks like Ethereum continue to maintain high demand. Some collections have shown a significant improvement in their positions, which may indicate a potential return to previously successful sales periods.
