The non-fungible token (NFT) market has shown a decline in trading volumes over the past week. Data indicates a shift in investor interest towards cryptocurrencies.
Overall NFT Trading Volume
From August 18 to August 24, the global NFT market achieved a trading sales volume of over $136 million, which is a 15% decrease from the previous week. Ethereum remains the leading blockchain for trading volume, but its volume dropped by 30%.
Top NFT Sales for the Week
The most sold NFT of the week was the Courtyard collection, raising $14 million, representing a 44% increase from the last week. The second position was held by the SpinNFTBox collection with $13 million, increasing by 62%.
Most Expensive NFTs This Week
The week also marked high sales in the market, with gUSDC Locked Deposit #446 being the most expensive NFT sold for $500,000. The second highest sale was the Death Wannabe # for $475,000.
The 15% decline in sales volume in the NFT market indicates a shift in investor focus and a transition towards more active segments of the cryptocurrency market.
