The NFT market continues to experience a decline, with sales dropping 12% last week.

Recall sales plunged 16% during the previous week. 

According to CryptoSlam, total sales for the last seven days stood at just below $100 million and involved over $785,000 buyers and sellers in 1.4 million transactions. 

Ethereum (ETH) was once again the most active blockchain for NFT sales, leading the pack with $38.4 million worth of transactions. 

Notably, Ethereum experienced a surge in wash trading last week, with money earned from the activity going up nearly 9.5% to $37.69 million.

Polygon (MATIC) was one of the biggest winners last week. Sales jumped 11.2% to push it past the Bitcoin (BTC) network and into second place. 

Interestingly, wash trading on the platform has kept on rising. During the prior week, Polygon registered a 37.58% increase in wash trading. This past week, it went up 46% to $14.9 million, almost double the amount recorded previously.

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The NFT market saw a decline in sales for the second consecutive week. Ethereum dominated in transactions, while Polygon made significant gains, surpassing Bitcoin in sales. Wash trading activity increased notably on both platforms, indicating ongoing market volatility.