The most recent evaluation information reveals that the overall buying and selling quantity of the NFT market within the second quarter of 2023 will fall to round $2.9 billion, a lower of 38% quarter-on-quarter.
As well as, the info additionally reveals that NFT gross sales within the second quarter of 2023 shall be round 18.6 million, down 9.2% from the primary quarter.
Blur nonetheless maintains a dominant place within the NFT market, however the transaction aggregation platform’s transaction quantity within the second quarter nonetheless fell 34% from the earlier quarter. In distinction, OpenSea, the second-largest NFT market, was hit tougher, with a steep decline in buying and selling quantity of greater than 56%.
Nonetheless, the 2 NFT marketplaces of Immutable X Market and JPG Retailer bucked the pattern, with buying and selling quantity rising by 37% and 64% respectively.
Dapprader identified that the correlation between buying and selling quantity and market pleasure isn’t sturdy and that declining buying and selling quantity doesn’t essentially point out weakening curiosity or exercise out there.
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