NFT Trading Falls Fifth Consecutive Quarter Down 80% to $823M, DappRadar Reports
14 Articles
14 Articles
NFT Market Falls Fifth-Straight Quarter, Trading Volumes Plummet
Nonfungible tokens, once a burgeoning scene for crypto traders and enthusiasts, seem to have lost much of their allure as trading volumes in the once-hot sector have now declined for the fifth straight quarter.
NFT Marketplaces Shift Focus to Cryptocurrency Trading Amid 45% Volume Decline
Major NFT marketplaces are shifting their focus from digital art to cryptocurrency trading as the nonfungible token market experiences a significant decline. OpenSea and Magic Eden, two leading NFT platforms, are now generating a substantial portion of their revenue from users trading Bitcoin, Solana-linked memecoins, and other cryptocurrencies rather than digital collectibles. In the second quarter, NFT trading volume decreased by 45% to $867 m…
For the fact that NFTs have been declared dead several times, the market still makes a lively impression. Even if the next downward trend is already underway. Source: BTC-ECHO BTC-ECHO
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