The non-fungible token market has experienced a short slump this week

The non-fungible token market has experienced a short slump this week, marked by a slight fall in trading sales volume.

Non-fungible token trading sales volume has decreased slightly this week. According to data fetched by crypto market data aggregator and non-fungible token market explorer Cryptoslam.io, the global non-fungible token market recorded a trading sales volume of $89 million from April 21 to April 27. The market downturn seen in NFT collections has also left some mark on the crypto sector, reflecting the broader bear market trend.

The non-fungible token market is currently in a bear market, with trading sales volume plunging 6.15% from the previous week, when the global NFT market hit a trading sales volume of $95 million.

The blockchain network most renowned in the global non-fungible token market for powering the majority of NFTs is Ethereum. From April 21 to April 27, the Ethereum-based NFT collections recorded a trading sales volume of $25 million. During this period, the Ethereum NFT trading sales volume surged 22% from the previous week.

The blockchain network ensuring transactions in the Mythos gaming ecosystem is the second most-traded blockchain network in the global NFT market. From April 21 to April 27, the Mythos Chain-based NFT collections recorded a trading sales volume of $15 million. During this time, the Mythos Chain NFT trading sales volume surged by 1.21% from the past week.

Bitcoin, the blockchain network most renowned in the non-fungible token market for powering BRC-20 NFTs, Ordinals, and Rune collections, is this week’s third most-traded blockchain network in the NFT market. From April 21 to April 27, the Bitcoin-based NFT collections recorded a trading sales volume of $14 million. During this period, the Bitcoin NFT trading sales volume plunged by 14% from the previous week.

Polygon, an Ethereum scaling solution blockchain network, is this week’s fourth most-traded blockchain network. From April 21 to April 27, the Polygon-based non-fungible token series amassed a trading sales volume of $9.9 million. During this period, the Polygon NFT trading sales volume plunged by 53% from the past week. The explosion of the courtyard NFT collection fueled Polygon’s NFT growth.

Solana, an open-source blockchain network that supports smart contracts, including non-fungible tokens and a variety of decentralized applications (Dapps), is this week’s fifth most-traded NFT blockchain network in the NFT market. From April 21 to April 27, the Solana-based NFT series amassed a trading sales volume of $9.2 million. During this period, the Solana NFT sales volume surged 40% from the past week.

Top 5 NFT Collections

1. DMarket NFT Collection

Non-fungible token collection, DMarket, is this week’s most-selling NFT collection in the NFT market. From April 21 to April 27, the DMarket NFT collection raised a trading sales volume of $10 million. During this time, the DMarket NFT trading sales volume surged 9.28% from the previous week.

The non-fungible token collection is a collection of in-game virtual items from popular NFT games like Counter-Strike and Rust.

2. Courtyard NFT Collection

Courtyard, a non-fungible token collection featuring a limited set of 80,461 unique digital items living on the Polygon blockchain network, is this week’s second most-selling NFT collection in the NFT market. From April 21 to April 27, the Courtyard NFT collection recorded a trading sales volume of $4.9 million. During this time, the Courtyard NFT trading sales volume plunged 75% from the previous week.

Source: CryptoSlam

3. Guilds Of Guardians Heroes NFT Collection

Guild of Guardians Heroes, a non-fungible token series from the Guild of Guardians, a renowned action, mobile fantasy role-playing game that allows players to role-play as heroes and go through dungeons to gather redeemable resources, is this week’s third most-selling NFT collection in the NFT market. From April 21 to April 27, the Guild of Guardians Heroes NFT collection raised a trading sale volume of $4 million. The Guild of Guardians NFT sales volume surged by 4.26%.

4. CryptoPunks NFT Collection

Non-fungible token collection, CryptoPunks, is this week’s fourth most-selling NFT series in the global non-fungible token market. From April 21 to April 27, the CryptoPunks NFT collection recorded a trading sales volume of $3.9 million. The Punks NFT sales plunged by 78% from the past week.

CryptoPunks is a non-fungible token collection featuring a limited edition

News data source: kdj.com

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