Weekly Top 5 NFT Marketplace [ 14-07-2022 to 20-07-2022 ] || 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 $106.54, which increased by 8.3%. Again, the total number of traders in this marketplace is 185,790. Which is decreased by -2.71%. And its weekly total volume is $122.87M, it's down to 1%. The detrimental effects of the bear market have affected everything.

The good news is that for the first time has taken its place on my list. CryptoPunks ranks 2nd on this list. This is the Ethereum-based NFT marketplace. The average price of this marketplace was $162.42k and that increased by about 53.79%. The total number of users in this marketplace is 198 and which has increased by about 30.26%. The total volume of this marketplace is $28.26M and which has increased by 114.07%. This marketplace has taken place on my list due to its volume increase.

Magic Eden is in the third 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 $34.66 , which was decreased to -10.19%. The total number of traders in this marketplace is 81,742, which is increased to -4.08% compared to the previous week. The total volume of this marketplace for the last one week is $16.79M, which is much lower than usual.

Then in 4th place is X2Y2. This marketplace didn't managed to hold its place. This marketplace lost his marketplace due to low Market Volume. Last week, its average price was $294.74, which was a increase of 30.47%. Again, the total number of traders in this marketplace is 15,095, which is the decrease of -1.52%. Then the total volume of this market is $15.26M and it has increased by 0.48%

Finally, LooksRare is in 5th place. For the second time, this marketplace lost its ranks. Last week's average price of this marketplace was $1.22k, it's decreased to -21.54%. Its total number of traders is 3,536, it has increased by about 5.36%. Its weekly total volume is $6.18M, it has decreased to -22.89%.