Weekly Top 5 NFT Marketplace [ 31-01-2023 to 06-02-2023 ] || Weekly Report || 10% to TFC

Hope everybody is doing well. I'm fine too. Today, This blog is going to be very interesting. A lot has happened at NFT World in the last week. The value of a marketplace has increased, while the value of a marketplace has decreased. This all depends on the number of traders and the total volume. The more dollars that are traded in that marketplace, the more that marketplace will be ahead in the rankings. A marketplace only comes in the rankings when there is a very beautiful NFT collection and its demand is the highest for everyone.

It is natural that the marketplaces will fluctuate in ranking. Today, This blog is not Tron-related. All types of marketplaces will be accepted here. As I told you before, NFT is becoming more and more popular. There are 3 types of people: - 1. Buyer, 2. Sellar and 3. Collector.

Buyers come to buy NFT and he is thinking of holding it. NFT creators come to sell their NFT and sell it at a price they like. And collectors basically buy NFT at a lower price and sell it at a higher price. It's basically like a business.

As you all know, I keep you updated on NFT Marketplace Every week. So for that reason, today's post is sorted. Hopefully, I will be able to show you this blog in a very beautiful and interesting way. So let's go:-

Like every week, I reappeared with a review of NFT Marketplace. The downtrend of the crypto market has also had an effect on the NFT marketplace. Due to which the transaction has decreased. And because of this, the number of users has also reduced. As a result, the total value of the NFT marketplace has declined.

At this time of the crypto collapse, the NFT world has also collapsed. Traders have kept themselves away from all places at the present time and this has also impacted these NFT marketplaces. As a result, the number of NFT Marketplace users has decreased over time. However, today's list is sorted based on this.

Blur ranks 1st on this list. This is the ETH marketplace. This marketplace is a totally new NFT marketplace and for the first time in 1st rank. The average price of this marketplace was $1.16k and that increased by about 12.47%. The total number of users in this marketplace is 20,393, which has increased by about 4.22%. The total volume of this marketplace is $94.46M, which has decreased by 32.26%.

OpenSea topped the review list this week. This marketplace is the number 2nd position in this every week. Last week the average price was $75.48, which increased by 43.33%%. Again, the total number of traders in this marketplace is 141,409, which increased by 52.38%. And its total weekly volume is $93.11M, it's down to -17.34%. The detrimental effects of the bear market have affected everything.

Then in the 3rd place is X2Y2. This marketplace gained a lot of popularity last week. Last week, its average price was $1.29k, which decreased to -6.43%. Again, the total number of traders in this marketplace is 8,010, which decreased to -21.25%. Then the total volume of this market is $14.09M and it decreased to 21.77%

CryptoPunks is in 4th place. This marketplace is a totally brand-new NFT marketplace. Last week's average price of this marketplace was $142.38k, it's increased to 22.02%. Its total number of traders is 50, which decreased by about -20.63%. Its total weekly volume is $5.55M, which decreased to 2.88%.

Finally, Immutable X Marketplace is in the 5th position after a long time. It is a popular marketplace in Immutable X. Last week, the average price of this marketplace was $38.09, which increased to 53.03%. The total number of traders in this marketplace is 12,296, which increased to 5.37% compared to the previous week. The total volume of this marketplace for the last week is $4.81M, which increased to 36.84%.