April NFT carnage: Sales drop over 39% as market stalls

NFT sales plummeted by 39.62% in April, reaching 388.77 million USD. Ethereum maintained its top position despite a 44.86% drop, while Polygon and Bitcoin also faced declines of 42.4% and 27.25% respectively.

Participation in the NFT market fell sharply, with buyers decreasing by 48.46% and sellers by 39.05%. Overall transaction volume decreased by 54.12%, indicating a significant downturn in the market.

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