according to the informationcompileAccording to Dune Analytics, the weekly trading volume of NFT tokens across the blockchain realm has dropped to $114.4 million.
This figure represents a 98% drop from $6.2 billion in late January. Weekly NFT trading volume rose to a record $146.3 billion in early April. before falling off a cliff in May with the start of an ongoing crypto bear market.
at the same time The number of wallets that own at least one NFT has soared to 6.14 million, compared to 3.36 million at the end of January.
The price of NFT is also falling sharply. This was partly due to the widespread decline in the price of Ethereum (ETH), which uses ETH to buy and sell digital collectibles.
NFTGo founder Tony Ling said innovation will continue to drive wider adoption of NFT. Even if the market is down Recently, the post office in Austria also experimented with NFT stamps while MasterCard introduced the NFT debit card.
The post NFT volume down 98% from January. Despite the increase in adoption, it appeared first on Bitcoin Addict.