Nonfungible token trading volume has declined approximately 97% since the start of 2022, according to data from Dune Analytics, a crypto analytics data company.
This... Nonfungible token trading volume has declined approximately 97% since the start of 2022, according to data from Dune Analytics, a crypto analytics data company. This decline is in line with news from the summer, when NFT projects saw a drop in floor price and OpenSea, the largest NFT marketplace, saw sales volume slump by 75%. Interestingly, while the number of trades decreased, the number of traders remained roughly the same, with only a slight drop of about 5% this month, according to DappRadar.
Popular NFT projects like Bored Ape Yacht Club, owners which include Jimmy Fallon and Justin Bieber, have seen less hype as of late.
[Giggling in reality]