The NFT trading volume has dropped about 50% in the past week, among which "Pudgy Penguins" saw a decrease of 76.65% in its trading volume

According to Crypto.news, data from CryptoSlam shows that the NFT market has experienced a significant correction in the past week, with total transaction volume plummeting 49.77% to $152.7 million. Despite the sharp drop in trading volume, market participation indicators show continued interest from both new and old traders. The number of NFT buyers increased by 50.97%, reaching 531,208 people, while the number of NFT sellers grew by 47.14%, reaching 308,666 people.

The Ethereum network's NFT transaction volume fell by 62% to $75.3 million. Despite this decrease in trading volume, there were still 63,054 buyers on this network - an increase of 42.91%. Bitcoin's NFT also showed a similar trend with its transaction volume falling by 30% to $28 million; however it saw strong user growth with buyer numbers reaching up to 59,311 - an increase of about 52.13%. Although Solana's network had a decline in its NFT transaction volumes (down by about58 .71%) at around $13 .9 million , it maintained third place position due to robust user engagement as evidenced by its buyer count which reached up to180 ,111- showing an increase of68 .43%.

Pudgy Penguins' trade volumes plunged sharply down by76 .65%to$12 .6million.All metrics for this project declined: trade volumes decreased71 .82%;buyer participation dropped69 .92%.Despite experiencing41 .94 %dropinits trade volumes,Azuki managedto secure second placewitha turnoverof$9 .3million.BRC-20N FTsaw30 %.68 %decreaseinits trade volumesto landatthirdplacewitha turnoverof$6 .

5million.Notable trades forthisweekinclude:

Azuki #3535 sold for $427000 (125 ETH)
CryptoPunks #6797 sold for $159792 (49 ETH)
CryptoPunks #3017 sold for $156815 (47 ETH)
CryptoPunks #704 sold for $156488 (46 ETH)
CryptoPunks #5792 sold for $155949(45.9849ETH)