Weekly Top 5 NFT Marketplace [ 12-05-2022 to 18-05-2022 ] || 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 the 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 tops the list as always. Last week, the number of users in this marketplace dropped to 149,286. Which is almost -20.07% down. The average price dropped to $669.72 from $ 1.12k in the previous week. This has an effect on the total volume. Almost -103.97% volume decreased. Last week's total volume was $340.38M.

LooksRare is in second place. The situation in this marketplace is the same. Everything is down. Users dropped to 7,449 from 8,069 in the previous week. Total volume dropped to $ 113.03M. Which is down almost -73.81%. Then the average price dropped to $ 11.26k.

Then in the third position is Magic Eden. This marketplace holds its own. However, everything in this marketplace is downward. Its user base stands at 101,609, down by - 7.52%. Its average price is $229.85, which is down -29.44%. Since then, the effect has been on the total volume. The total volume is $ 62.41M, down from $85.61M in the previous week.

The next marketplace is CryptoPunks. In this marketplace, the number of users has increased dramatically. Last week there were 58, but this week it stands at 114. Its total volume has increased. Its total volume last week was $ 7.18M, which is $ 10.68M this week. Which increased by a total of 63.29%. However, its average price has decreased. The previous week was $ 175.12k, and this week 125.67k.

Surprisingly, a new marketplace has risen to 5th place. Whose name is NBA Top Shot. This marketplace belongs to the Flow Blockchain. The average price of this marketplace is $17.05. Its total volume is $2.62M and its total users are 24,091.