• Bitcoin
  • NFT
  • Binance
  • ETH
  • DeFi
  • Metaverse
  • IDO
  • Coinbase
  • Solana
  • ETF
  • FTX
  • GameFi
Newsletter
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
CoinLive
No Result
View All Result
Home Crypto News

NFT trading volume on main markets plummets 94%

189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

The volume of NFT trading on the markets fell from $ sixteen.six billion to in excess of $ one billion in the final 6 months alone.

NFT trading volume on main markets plummets 94%

According to information from The blockthe volume on NFT (marketplace) trading has fallen by a record 94% in the previous six months, this metric displays that even the NFT has not been in a position to sustain in the recent marketplace atmosphere.

Related articles

CoinEx: more than trading

CoinEx: far more than trading

November 27, 2023
68 Trading Plan (27 November - 3 December 2023)

68 Trading Plan (27 November – three December 2023)

November 26, 2023

Total NFT trading volume is $ one.01 billion, down four occasions from the very same time period final month. In which, OpenSea is even now contributing the biggest transaction volume with $ 681 million, or around 67%.

NFT trading volume on some of the main markets. Source: TheBlock

However, it really should also be mentioned that most of the NFT trading volume earlier this yr very likely came from the scrubbing of world wide web transactions. Seems uncommon. This is the NFT exchange that launched in January and has garnered a whole lot of awareness, not just for the reason that The everyday transaction volume far more than doubled OpenSea immediately after only one day of operation but also for the reason that this is a new playground for washing traders. Wash trading is a system in which customers obtain or promote an asset with the aim of artificially expanding the volume of transactions in purchase to manipulate the selling price in the marketplace.

Up until eventually six months in the past, the NFT was supposed to be a protected haven every time the marketplace “reversed”. Especially the hottest collections of the time like Bored Ape Yacht Club (BAYC) extremely normally they throw tons of unique gives and encourage customers to hold NFTs. But the assortment that has been constantly researched and expanded his “family” is accused of “fascist promotion” and “racism”.

Beginning in mid-June, the NFT floor selling price started to “go downhill”. Among the ranks of NFT takings of the time, there is a task that has suffered a substantial drop of up to fifty five% in just four days. The uncommon CryptoPunk NFT is on sale for much less than half the selling price it was four months in the past. Amazingly, at the time, the trading volume statistics table was the opposite colour with the bottom selling price information flooded with red, the income even now “hinted” that quite a few people today had been actively capturing the bottom of the NFT.

However, at the time of this creating, some of the finest NFTs on the marketplace are getting a rather “slow” volume with not extremely appealing minimal costs, for illustration, on the bigger OpenSea NFT exchange.

The selling price motion of the prepare of the most crucial NFT collections on Ethereum at ten:28 on July two, 2022. Source: NFT minimal selling price

Ethereum (ETH), the blockchain that accounts for 84.seven% of the NFT marketplace share, is also struggling the very same fate as it has constantly closed red candles in latest weeks. The 2nd biggest coin in the marketplace also reached the three-amount prime, fetched up to USD 881 and is at the moment entrenched at USD one,039, in accordance to CoinMarketCap.

The selling price motion of Ethereum (ETH) in excess of the previous seven days. Source: CoinMarketCap

Synthetic currency 68

Maybe you are interested:

Maybe you are interested:

Tags: MajorMarketsNFTplummetstradingVolume
Share76Tweet47

Related Posts

Bitget Partners with MotoGP for 2025 Season Sponsorship

by shark
June 23, 2025
0

Cryptocurrency exchange Bitget announces a multi-million dollar partnership with MotoGP for the 2025 season.

ARK Invest Sells Circle Shares Amid Surge

by shark
June 23, 2025
0

ARK Invest, led by Cathie Wood, sells over 1.25 million Circle shares post 400% surge, earning massive profits while strategically...

Bitcoin Drops Below $102,000 Amid Global Uncertainty

by shark
June 23, 2025
0

Bitcoin falls under $102,000 amid global concerns, with trading volume spikes highlighting market defense.

Flashbots Warns MEV Bots Undermine Blockchain Scaling Efforts

by shark
June 23, 2025
0

MEV spam bots occupy significant Solana blockspace, impacting network efficiency and transaction costs.

Haru Invest CEO Cleared of $650 Million Fraud

by shark
June 23, 2025
0

South Korean court acquits Haru Invest CEO of crypto fraud, impacting 6,000 investors.

Load More

Tags

analysis announces Bank billion Binance Bitcoin Blockchain BTC CEO Coin Coinbase Crypto cryptocurrencies Cryptocurrency DeFi ETH Ethereum Exchange Finance FTX fund game General News Information Investment Latest Launch launches market Metaverse million Network News NFT platform Price project Protocol Review SEC Solana Token trading users wallet

Recent Posts

  • Bitget Partners with MotoGP for 2025 Season Sponsorship
  • ARK Invest Sells Circle Shares Amid Surge
  • 2M+ Miners, Zero coins: Why BlockDAG’s Demand Curve Could Reshape Crypto Launches
  • Bitcoin Drops Below $102,000 Amid Global Uncertainty
  • Flashbots Warns MEV Bots Undermine Blockchain Scaling Efforts
  • Haru Invest CEO Cleared of $650 Million Fraud
  • Coinbase CEO Advocates Crypto for Global Economic Challenges
  • Bloomberg Raises Crypto ETF Approval Odds to 90%+
  • About
  • FAQ
  • Contact Us
  • IGO
  • Altcoin
  • Terra
  • Launchpad
  • P2E
  • META
  • AXS
Email us: [email protected]

© 2021 CoinLive - Crypto News 24/7

No Result
View All Result
  • Home
  • Crypto News
  • Market Analysis
  • Learn

© 2021 CoinLive - Crypto News 24/7