Weekly Top 5 NFT Marketplace [ 01-08-2022 to 08-08-2022 ] || 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 $121.57, which increased by 10.87%. Again, the total number of traders in this marketplace is 160,683, which is decreased by -9.2%. And its total weekly volume is $109.57M, it's down to -6.54%. The detrimental effects of the bear market have affected everything.

Magic Eden is in the second position for the third time on this list. It is a popular marketplace in the Solana network. Last week, the average price of this marketplace was $37.35, which was increased to 19.13%. The total number of traders in this marketplace is 77,344, which is decreased to -4.07% compared to the previous week. The total volume of this marketplace for the last one week is $17.75M, which was increased to 11.42%.

Then in 3rd place is X2Y2. Last week, its average price was $340.26, which was a decrease to -30.83%. Again, the total number of traders in this marketplace is 14,274, which is a increase to 19.05%. Then the total volume of this market is $16.56M and it has increased to 6.37%

CryptoPunks is in 4th place. This marketplace came back from 5th to 4th position. Last week's average price of this marketplace was $155.65k, it's increased to 11.97%. Its total number of traders is 73, it has increased by about 69.77%. Its total weekly volume is $9.33M, it has decreased to 116.71%.

Finally, LooksRare ranks 5th on this list. This is the Ethereum-based NFT marketplace. This marketplace lost its place for losing Total Volume. The average price of this marketplace was $986.14 and that decreased by about -14.61%. The total number of users in this marketplace is 2,963, which has increased by about 23.05%. The total volume of this marketplace is $4.65M, which has increased by 10.54%. This marketplace has taken place on my list due to its volume decrease.