#NFT trading volume rises, but buyers decline.#

NFT trading volume has recently seen an increase, but the number of buyers has decreased significantly, presenting a contradictory phenomenon of "rising trading volume but fewer participants." According to CryptoSlam data, NFT trading volume rose 10.7% week-over-week to $155.4 million, but the number of NFT buyers dropped 81.79% to just 122,806, while the number of sellers also decreased by 73.24% to 104,090. This indicates that while NFT trading volume has increased, it is primarily driven by a few large transactions, while market participation has significantly declined, leading to a decrease in market activity. This phenomenon could be related to the current overall market environment, such as high volatility in the cryptocurrency market and a strong wait-and-see sentiment among investors, resulting in fewer participants in the NFT market. Additionally, the declining popularity of some NFT projects has also led to a decrease in trading volume. Despite the increase in trading volume, the significant drop in the number of buyers is not a positive signal for the NFT market. The future development of the NFT market needs to explore more innovations and application scenarios to attract more user participation.