Weekly Top 5 NFT Marketplace [ 03-05-2022 to 10-05-2022 ] || 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.

The total number of traders in the OpenSea Marketplace last week was 200,661. But it dropped to 187,562 this week. Almost 13,000 traders have been reduced. The volume dropped to $ 727.28M from $ 1.24B in the previous week. Almost -58.88% volume decreased. And the average price dropped to $ 1.12k.

The next marketplace on the list is LooksRare. Last week there were 8,420 traders in this marketplace and this week it has come down to 8,069. Almost 400 traders have been reduced. Last week, the total volume of this marketplace was $ 495.63M, but this week it stood at $ 422.06M. Almost -13.83% volume decreased. Lastly, the average price decreased by about -17.11%.

Surprisingly, Magic Eden came in 3rd place this week. This marketplace was in 5th position last week. The total number of traders in this marketplace has increased. The total number of traders in this marketplace last week was 12,871, this week it has increased to 104,333. And the total volume of this marketplace was $ 6.42M, and it stands at $ 85.61M. This marketplace is gaining popularity day by day.

Next on the list is CryptoPunks. This marketplace has lost its popularity this week as compared to last week. Its trader has decreased, its total volume has decreased. The total number of traders in this marketplace was 87 and it has come down to 58 this week. Again the total volume of this marketplace was $ 13.46M, it has come down to $ 7.18M. In a word, this NFT marketplace has lost its popularity.

Then the 5th position in the marketplace is Axie Infinity. This NFT marketplace has also gained a lot of popularity this week. The total number of traders in this marketplace is 43,720, the total volume is $ 5M and the average price is $ 25.7.