NFT transaction volume increased by 10.7% month-on-month to US$155.4 million in the past week, while the number of buyers and sellers both decreased by more than 70% month-on-month.

PANews reported on January 12 that according to Crypto.news, CryptoSlam data showed that NFT transaction volume increased by 10.7% this week, rising from US$132.7 million last week to US$155.4 million. The increase in total turnover was accompanied by a clear decline in market participants, indicating an increase in trading volume and fewer buyers. The number of NFT buyers decreased by 81.79% to 122,806; the number of NFT sellers decreased by 73.24% to 104,090; the number of transactions increased slightly by 0.16% to 1,483,044.

The volume of NFT transactions on the Ethereum network increased by 13.09% to $61.9 million, but the number of buyers fell by 65.62% to 24,836. Bitcoin network NFTs grew slightly, with transaction volume increasing by 1.97% to $30.8 million, and the number of online buyers falling by 87.15% to 8,665.

The transaction volume of Pudgy Penguins reached US$9.2 million, a month-on-month increase of 82.32%. BRC-20 NFT ranked second, with a transaction volume of US$8.2 million, a month-on-month increase of 40.78%. DMarket ranked third, with a transaction volume of US$7.2 million, a month-on-month increase of 8.06%.

This week’s best-selling NFTs include:

• SuperRare #37380: $474,710 USDC
• CryptoPunks #4757: $453,894 (125 ETH)
• SuperRare #37380: $396,000 (108.7469 WETH)
• CryptoPunks #3698: $277,876 (82 ETH)
• Abstract Being: $222,680 (2.3681 BTC)