In the face of a global decline in NFTs interest, Flow (FLOW) blockchain intriguingly showcases growth and resilience, navigating the wave of Q2 2023 with a blend of remarkable achievements and challenges.

Data from DefiLlama shows that NFT volume has fallen to two-year lows, with OpenSea, remarked in purple, affected the most. Blur, shown in yellow, received significant interest from NFT traders at launch but has also since seen a dramatic decline in volume.

However, according to a DappRadar report, Flow’s daily unique active wallets (UAWs) rose to an average of 13,169 in Q2 2023, a 1.5% increase from Q1 2023. This reflects an expanded user base, greater engagement, and increased transactional efficiency.

However, the Flow ecosystem wasn’t immune to the global contraction in the NFT market, as it grappled with a 26% decrease in NFT UAWs from 6,294 in Q1 2023 to 4,665 in Q2 2023. The same period saw a 39% drop in t

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Author: Liam ‘Akiba’ Wright

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