NFT market sends mixed signals: Buyers show up, but spending is down

Sales are down, and purchases are up in the non-fungible tokens (NFT) market.

Over the past seven days, CryptoSlam has shown that NFT sales volume has decreased by 7.87% to about $99.9 million.

• NFT buyers have increased by 24.38% to 560,845.
• NFT sellers are also up 15.66% to 327,295.
• Overall transactions are down 9.12% to about 1.44 million.

Ethereum NFT sales plummet

The Ethereum (ETH) blockchain maintains its dominant position with $25 million in sales, down over 21.3% from last week.

That being said, Ethereum maintained its top position. See below.

• Polygon (POL) has secured second place with $16.9 million in sales volume, a 6.16% decrease.
• Bitcoin (BTC) is third with $16 million, with a 12% drop in NFT sales volume.
• Mythos Chain ranks fourth with $13.8 million in sales, experiencing a slight 1% increase from the previous week.
• Solana (SOL) sales increased over 16% to $9.9 million.

In terms of collections, Courtyard on Polygon has taken the top spot with $15 million in sales and a 4.26% decrease. DMarket is still in second place with $8.6 million, up 1.95% from last week.

Guild of Guardians Heroes saw a notable decline, with sales plummeting over 48%.

The same goes for CryptoPunks, which saw sales decline by over 43.6% to $3.56 million.