- NFT traders’ count has declined to its lowest level since July 2021.
- The value of Blue Chip NFTs has fallen since the year started.
As interest in profile picture (PFP) wanes, the count of weekly NFT traders has dropped to its lowest since July 2021. According to data from Dune Analytics, on a year-to-date basis, this has declined by 67% on a year-to-date.
An assessment of NFT sales volume across several marketplaces revealed a consistent drop in weekly trading volume since February. For example, leading NFT marketplace Opensea has experienced a 67% drop in weekly sales volume since then.
While OpenSea’s case remains peculiar to the activity of Blur, this decline still mirrors still the general disinterest in NFTs as an asset class.
Source: Dune Analytics
Go to Source to See Full Article
Author: Abiodun Oladokun
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