Ethereum Leads as NFT Sales Plummet 44.7%

NFT sales declined by 44.7% over the past seven days to approximately $63.3 million, according to data from CryptoSlam captured on August 29.

Despite this drop, the number of buyer and seller addresses increased sharply across the market, with buyer addresses rising 30.48% to 227,316, and seller addresses climbing 54.64% to 247,373.

Ethereum led the NFT sales with $35.56 million in organic sales, down 49.01% from the prior seven-day period.

The global crypto market capitalization stood at approximately $2.71 trillion on August 29, down more than 2% over 24 hours.