​​The turnover of the largest NFT-platform OpenSea fell by 99% | Crypto_NFT

​​The turnover of the largest NFT-platform OpenSea fell by 99% compared to May. Bored Apes no longer needed?

The largest NFT-platform OpenSea lost a lot of money in turnover. It is down 99% compared to May 2022. We managed to find out about this thanks to the DappRadar service.
On May 1, 2022, the largest turnover of $2.7 billion was recorded on the trading platform for NFT OpenSea. But on August 29, the situation turned out to be much more deplorable, because the total turnover of money amounted to 9.34 million dollars.
At that moment, there were 24,020 users on OpenSea, which is only a third less than in May.
The decline in the popularity of NFTs is associated with a drop in the value of cryptocurrencies. Bitcoin and Ethereum, the two most popular cryptocurrencies, have lost over 50% of their value since the beginning of 2022. Because of this, the so-called “crypto winter” began, which led to a crisis in all areas related to the blockchain.
So the price of one NFT from the Bored Ape Yacht Club collection (or “bored monkeys”), which is considered the most popular and prestigious, has fallen by 53%.
At the same time, OpenSea management is not particularly worried about what is happening. It told Fortune that the NFT platform is long-term oriented, and such moments of crisis are inevitable. Therefore, OpenSea expects the next round of development of NFT technologies.