NFT trading volume fell by about 50% in the past week, of which Pudgy Penguins trading volume fell by 76.65%.

PANews reported on December 29 that according to Crypto.news, CryptoSlam data showed that the NFT market had a sharp correction in the past week, with total transaction volume plummeting 49.77% to US$152.7 million. Despite the sharp drop in trading volume, market participation indicators show that interest from new and old traders continues. The number of NFT buyers increased by 50.97% to 531,208, and the number of NFT sellers increased by 47.14% to 308,666.

Ethereum network NFT transaction volume fell 62% to $75.3 million. Despite the decline in trading volume, the network still had 63,054 buyers, an increase of 42.91%. Bitcoin network NFT also showed a similar trend, with transaction volume falling 30% to $28 million. However, the network saw strong user growth, with the number of buyers reaching 59,311, an increase of 52.13% from the previous period. Solana network NFT maintained its third position despite a 58.71% drop in transaction volume to $13.9 million. The network continued to show strong user engagement, with the number of buyers reaching 180,111, an increase of 68.43%.

Pudgy Penguins’ trading volume plummeted 76.65% to $12.6 million, with a 69.92% drop in buyer participation. Despite a 41.94% drop in trading volume, Azuki still jumped to second place with $9.3 million in trading volume. BRC-20 NFT’s trading volume fell 30.68%, dropping to third place at $6.5 million.

Notable deals this week include:

• Azuki #3535 sold for $427,000 (125 ETH)
• CryptoPunks #6797 sold for $159,792 (49 ETH)
• CryptoPunks #3017 sold for $156,815 (47 ETH)
• CryptoPunks #704 sold for $156,488 (46 ETH)
• CryptoPunks #5792 sold for $155,949 (45.9849 ETH)