Weekly Top 5 NFT Marketplace [ 23-08-2022 to 29-08-2022 ] || Weekly REVIEW || 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 decreased. As a result, the total value of the NFT marketplace has declined.

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

OpenSea topped the review list this week. This marketplace is the number 1 position every week. Last week the average price was $114.67, which increased by 27.76%. Again, the total number of traders in this marketplace is 163,625, which is increased by 2.44%. And its total weekly volume is $103.93M, it's up to 7.2%. The detrimental effects of the bear market have affected everything.

X2Y2 is in the second position for the fourth time on this list. It is a popular marketplace in the ETH network. Last week, the average price of this marketplace was $313.99, which increased to 20.39%. The total number of traders in this marketplace is 15,769, which increased to 2.5% compared to the previous week. The total volume of this marketplace for the last week is $17.14M, which increased to 20.41%.

Then in 3rd place is Magic Eden. This marketplace gained a lot of popularity last week. Last week, its average price was $40.24, which was an increase of 32.15%. Again, the total number of traders in this marketplace is 70,366, which is increased to 6.28%. Then the total volume of this market is $15.75M and it has increased to 49.56%

LooksRare is in 4th place. This marketplace lost its 3rd position. Last week's average price of this marketplace was $1.74k, it's increased to 25%. Its total number of traders is 2,138, it has decreased by about 12.94%. Its total weekly volume is $6.17M, it has decreased to 45.47%

Finally, BloctoBay ranks 5th on this list. This is the FLOW marketplace. After a few months, this marketplace lost its rank. It's dropped from 3 to 5. The average price of this marketplace was $73.56 and that decreased by about -32.04%. The total number of users in this marketplace is 17,003, which has decreased by about -41.27%. The total volume of this marketplace is $4.16M, which has decreased by -61.38%.