In the past week, NFT transaction volume increased by 10.7% month-on-month to US$155.4 million, and 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, from $132.7 million last week to $155.4 million. The increase in total transaction volume was accompanied by a significant decline in market participants, indicating that trading volume increased and buyers decreased. The number of NFT buyers fell 81.79% to 122,806; the number of NFT sellers fell 73.24% to 104,090; and the number of transactions rose slightly by 0.16% to 1,483,044.

Ethereum network NFT transaction volume increased by 13.09% to $61.9 million, but the number of buyers decreased by 65.62% to 24,836. Bitcoin network NFT increased slightly, with transaction volume increasing by 1.97% to $30.8 million, and the number of network buyers decreased by 87.15% to 8,665.

Pudgy Penguins’ transaction volume reached $9.2 million, up 82.32% from the previous month. BRC-20 NFT ranked second with a transaction volume of $8.2 million, up 40.78% from the previous month. DMarket ranked third with a transaction volume of $7.2 million, up 8.06% from the previous month.

This week’s top-selling NFTs include:

• SuperRare #37380: $474,710 (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)