The post NFT Market Volume Plummets Amid Rise in Buyer and Seller Activity appeared on BitcoinEthereumNews.com. Key Points: Market sees 30% drop in NFT transaction volume despite rising buyer and seller numbers. Ethereum network transaction volume increases, contrasting with Bitcoin’s decline. Major NFT collections record high-value sales, indicating ongoing market interest. NFT market transactions fell by 30.73% to $95.8 million last week, with increased buyer and seller activity, reports Crypto.news via CryptoSlam data. Despite declining volumes, Ethereum showed increased activity while Bitcoin transactions dropped. NFT Market Volume Plummets Amid Rise in Buyer and Seller Activity The NFT sector saw a notable drop in transaction volume, despite a significant uptick in user engagement. Reports highlighted a 30.73% decline in overall volume, while buyer activity rose by 22.82%, and seller participation by 13.54%. Market analyses indicate a complex interaction between declining volumes and rising involvement. This change affected Ethereum and Bitcoin volumes differently. Ethereum volume increased by 12.94%, showcasing continued interest, while Bitcoin’s transaction volume decreased. The base network saw moderate growth, underscoring diverging trajectories across networks. The factors leading to these shifts remain under advisement, with current sentiment focused on fleeting fluctuations rather than enduring trends. “Despite the dip in NFT trading volume, we’re seeing increased participation from both buyers and sellers, illustrating resiliency in the community.” — Greg Solano, CEO, Yuga Labs Crypto Market Insights: Price Fluctuations and Maturity Indicators Did you know? In previous market cycles, sharp downturns in NFT volumes often paralleled broader cryptocurrency market shifts, pointing to the interconnected nature of digital asset markets. According to CoinMarketCap, Ethereum (ETH) currently trades at $3,867.27 with a market cap of $466.77 billion, holding a 12.61% market dominance. The 24-hour trading volume decreased by 56.17% to $16.43 billion. Ethereum saw a 0.78% price increase over the last 24 hours but a 13.56% drop over 30 days. Ethereum(ETH), daily chart, screenshot on CoinMarketCap at 00:32 UTC on… The post NFT Market Volume Plummets Amid Rise in Buyer and Seller Activity appeared on BitcoinEthereumNews.com. Key Points: Market sees 30% drop in NFT transaction volume despite rising buyer and seller numbers. Ethereum network transaction volume increases, contrasting with Bitcoin’s decline. Major NFT collections record high-value sales, indicating ongoing market interest. NFT market transactions fell by 30.73% to $95.8 million last week, with increased buyer and seller activity, reports Crypto.news via CryptoSlam data. Despite declining volumes, Ethereum showed increased activity while Bitcoin transactions dropped. NFT Market Volume Plummets Amid Rise in Buyer and Seller Activity The NFT sector saw a notable drop in transaction volume, despite a significant uptick in user engagement. Reports highlighted a 30.73% decline in overall volume, while buyer activity rose by 22.82%, and seller participation by 13.54%. Market analyses indicate a complex interaction between declining volumes and rising involvement. This change affected Ethereum and Bitcoin volumes differently. Ethereum volume increased by 12.94%, showcasing continued interest, while Bitcoin’s transaction volume decreased. The base network saw moderate growth, underscoring diverging trajectories across networks. The factors leading to these shifts remain under advisement, with current sentiment focused on fleeting fluctuations rather than enduring trends. “Despite the dip in NFT trading volume, we’re seeing increased participation from both buyers and sellers, illustrating resiliency in the community.” — Greg Solano, CEO, Yuga Labs Crypto Market Insights: Price Fluctuations and Maturity Indicators Did you know? In previous market cycles, sharp downturns in NFT volumes often paralleled broader cryptocurrency market shifts, pointing to the interconnected nature of digital asset markets. According to CoinMarketCap, Ethereum (ETH) currently trades at $3,867.27 with a market cap of $466.77 billion, holding a 12.61% market dominance. The 24-hour trading volume decreased by 56.17% to $16.43 billion. Ethereum saw a 0.78% price increase over the last 24 hours but a 13.56% drop over 30 days. Ethereum(ETH), daily chart, screenshot on CoinMarketCap at 00:32 UTC on…