{"id":812422,"date":"2024-12-16T22:24:17","date_gmt":"2024-12-17T04:24:17","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2024\/12\/16\/nft-market-declines-12-this-week-trading-volume-hits-90-million\/"},"modified":"2024-12-16T22:24:17","modified_gmt":"2024-12-17T04:24:17","slug":"nft-market-declines-12-this-week-trading-volume-hits-90-million","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2024\/12\/16\/nft-market-declines-12-this-week-trading-volume-hits-90-million\/","title":{"rendered":"NFT Market Declines 12% This Week, Trading Volume Hits $90 Million"},"content":{"rendered":"

Bitcoins <\/p>\n

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By NFTevening<\/p>\n<\/p><\/div>\n

\"bitcoins<\/p>\n

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The NFT market dropped 12% this week. The amount of trade sales decreased to $90 million. The market for bitcoin has been shrinking overall. Other crypto assets, like bitcoin, experienced a decrease in value. Data from CryptoSlam.io has demonstrated the fall of the NFT market. The market saw $90 million in trade volume over the seven days prior to the decline. This drop highlights the ongoing challenges the NFT industry faces.<\/span><\/p>\n

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Source: CryptoSlam.io<\/p>\n<\/div>\n

Bitcoins <\/span>Ethereum Leads NFT Trading<\/b><\/span><\/h2>\n

Ethereum remains the top blockchain for NFTs. It powered collections that generated $34 million in sales over the past week. This represents a 9.92% increase from the previous week.<\/span><\/p>\n

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\"bitcoins<\/p>\n

Source: CryptoSlam.io<\/p>\n<\/div>\n

The NFT blockchain with the second-highest trading volume is called Solana. But, its $17 million trading volume decreased by 30%. Thuslana makes decentralized apps and smart contracts possible.<\/span><\/p>\n

Bitcoin also supports NFT collections such as ordinals, Runes, and BRC-20. The trading volume for Bitcoin NFT collections was $14 million. This is a 17% decrease from the previous week.<\/span><\/p>\n

Fourth in NFT trading is Polygon. Its trading volume was $8.7 million this week. This marks a 9.80% drop from the previous week.\u00a0<\/span><\/p>\n

Immutable X and BNB Chain rank sixth and fifth respectively for NFT trading. Immutable X-based NFTs were traded for $4.9 million, while NFTs based on the BNB Chain were used to make $3.7 million.<\/span><\/p>\n

Bitcoins <\/span>Top Selling NFT Collections<\/b><\/span><\/h2>\n

Sorare<\/b><\/p>\n

Sorare is this week\u2019s top-selling NFT collection. It features digital trading cards of global football players. The Sorare NFT collection reached $3.8 million in trading volume. This is a 42% increase from the previous week.<\/span><\/p>\n

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\"bitcoins<\/p>\n

Source: CryptoSlam.io<\/p>\n<\/div>\n

DogeZuki\u00a0<\/b><\/p>\n

DogeZuki is the second most-selling NFT collection. On the Solana blockchain, it offers 2,800 digital goods with Shiba Inu-inspired designs. The collection saw $6.5 million in trade volume, up 3.5% from the week before.<\/span><\/p>\n

Guild Of Guardians\u00a0<\/b><\/p>\n

Guild of Guardians is a popular NFT RPG. Its NFT collection is the third most-selling this week. The trading volume reached $3.2 million, a 5.52% increase from the previous week. Players can collect redeemable resources in the game.<\/span><\/p>\n

Bored Ape Yacht Club<\/b><\/p>\n

The renowned NFT collection is called Bored Ape Yacht Club. 10,000 NFTs are available on the Ethereum blockchain. This week, the collection brought approximately $3.2 million in trade volume. This represents a 135% rise over the prior week.<\/span><\/p>\n

CryptoPunks<\/b><\/p>\n

CryptoPunks is another popular NFT collection managed by Yuga Labs. It has 10,000 NFTs on the Ethereum blockchain as well. Trades on CryptoPunks have totalled $3.2 million this week.<\/span><\/p>\n<\/p><\/div>\n<\/p><\/div>\n

Raleigh Lanz Read More<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

By NFTevening The NFT market dropped 12% this week. The amount of trade sales decreased to $90 million. The market for bitcoin has been shrinking overall. Other crypto assets, like bitcoin, experienced a decrease in value. Data from CryptoSlam.io has demonstrated the fall of the NFT market. The market saw $90 million in trade volume<\/p>\n","protected":false},"author":1,"featured_media":812423,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[429,497],"tags":[11476],"class_list":{"0":"post-812422","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-declines","8":"category-market","9":"tag-bitcoins"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/812422","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=812422"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/812422\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/812423"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=812422"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=812422"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=812422"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}