In Q2 2023, complete NFT market quantity fell to lower than US$3 billion, down practically 40% month-on-month.

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In line with the most recent analytical information, the overall NFT market quantity within the second quarter of 2023 is predicted to say no by 38% from the earlier quarter to roughly $2.9 billion.

As well as, the information additionally present that NFT gross sales within the second quarter of 2023 can be round 18.6 million, down 9.2% from the primary quarter.

Blur nonetheless maintains a dominant place within the NFT market, however transaction aggregation platform buying and selling quantity in Q2 was nonetheless down 34% from the earlier quarter. Against this, his second-largest NFT market, OpenSea, was hit more durable, with buying and selling quantity he plummeting by greater than 56%.

Nonetheless, two NFT markets, the Immutable X Market and the JPG Retailer, bucked the pattern, with transaction volumes growing by 37% and 64%, respectively.

Daprada famous that buying and selling quantity is just not strongly correlated with market pleasure, and {that a} decline in buying and selling quantity doesn’t essentially point out a decline in market curiosity or exercise.

Disclaimer: The knowledge offered by WebsCrypto doesn’t characterize any funding proposal. Articles posted on this web site characterize private opinions and are by no means related to the official place of WebsCrypto.

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(tag translation) NFT

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