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Sunday Nov 2 2025 00:30
1 min
According to CryptoSlam data, the NFT (Non-Fungible Token) market witnessed a notable slowdown in trading volume over the past week, decreasing by 30.73% to $95.8 million. However, the market saw an increase in both buyers and sellers, indicating a continued interest in NFTs despite the drop in spending.
The number of buyers rose by a significant 22.82%, reaching 626,234. The number of sellers also increased, climbing by 13.54% to 469,316. Conversely, the number of NFT transactions decreased by 5.08%, totaling 1,458,311.
The Ethereum network leads the NFT market with a trading volume of $40.28 million, a 12.94% increase compared to the previous week. The Bitcoin network recorded a trading volume of $11.52 million, down by 12.12%. The Base network achieved a trading volume of $10.09 million, up by 8.73%.
The past week saw some high-value NFT transactions, including:
Despite the overall decrease in trading volume, the rise in the number of buyers and sellers suggests that the NFT market remains active and attractive to investors. Ethereum continues to dominate the market, but other networks like Bitcoin and Base are also experiencing growth.
Risk Warning: This article represents only the author’s views and is provided for informational purposes only. It does not constitute investment advice, investment research, or a recommendation to trade, nor does it represent the stance of the Markets.com platform. When considering shares, indices, forex (foreign exchange), and commodities for trading and price predictions, remember that trading CFDs involves a significant degree of risk and may not be suitable for all investors. Leveraged products can result in capital loss. Past performance is not indicative of future results. Before trading, ensure you fully understand the risks involved and consider your investment objectives and level of experience. Trading cryptocurrency CFDs and spread bets is restricted for all UK retail clients.
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