The non-fungible token (NFT) market has seen a slight downturn in the past seven days, recording a trading sales volume of $83 million, a 13% drop from the past week. Ethereum-based NFTs have been the most traded NFT collection this week, recording a sales volume of $49 million, a 17% drop from the past week. Solana-based NFTs have been the second most traded NFTs, recording a trading sales volume of $6.7 million, a 23% drop from the past week. Polygon NFTs have followed the streak, recording a trading sales volume of $5.8 million.Mythos Chain-based NFTs have been the fourth most traded NFT collections this week, amassing a trading sales volume of $5.7 million. Immutable X-based NFTs have been the fifth most NFT collections this week, amassing a trading sales volume of $4.5 million. Non-fungible tokens hosted by BNB Chain, the decentralized network created by crypto exchange Binance, have been the sixth most traded NFTs this week.Bitcoin ordinals have recorded a trading sales volume of $2.5 million, representing an 18% spike from last week. Ethereum network has recorded the highest number of wash trades this week, recording a trading sales volume of $23 million.The top selling NFTs this week have been Bored Ape Yacht Club, an NFT collection from the popular digital asset incubation studio Yuga Labs, recording a trading sales volume of $6.2 million, a 34% drop from the past week. DMarket, an NFT collection from the DMarket virtual item market platform hosted on Mythos Chain, has been the second most traded NFT collection this week, recording a trading sales volume of $4.3 million.

This News Article was automatically generated by Bob the Bot (AI)

Information	Details
Geography	Global
Countries
Sentiment	neutral
Relevance Score	8
People	United States Securities and Exchange Commission, Kevin Rose, Wall Street Memes, Impact Theory, Elon Musk
Companies	DMarket, BeInCrypto, OpenSea, Bitcoinist, United States Securities and Exchange Commission, Wall Street Memes, Larva Labs, Mythos Chain, Immutable X, Bored Ape Creator Yuga Labs, Impact Theory, Sorare, Yahoo Finance, Lufthansa
Currencies	BNB, Mythos, Solana, Ethereum, ImmutableX
Securities	None