State of NFTS
Everyone has been wondering what the state of NFTs is after the collapse of one of the major crypto players, FTX.
DappRadar's data from November 1st to the 14th shared that the NFT trading volumes in most chains have decreased, but it seems like NFTs remain resilient.
Ethereum fell from $17 million to $4.4 million (-73.75%)
Flow fell from $307,830 to $101,375 (-67%)
Polygon fell from $235,794 to $114,465 (-48.5%)
Whereas in-game NFT blockchains like Ronin and Wax did not experience significant fluctuations;
Wax increased by 71.29% while Ronin decreased by 7.66%
Based on the report, analysts opinionize that the decline in trading volume is mainly due to socioeconomic factors rather than a decline in collector interest, as the sales count decreased only by 24.5% in the last two weeks.
#report
Telegram Instagram
Community Source
