OpenSea sees its lowest monthly trading volume since July 21 as it falls 195%
NFT marketplace OpenSea has had just $785 million trading volume over the past 30 days - a decline of 195% according to on-chain data from DappRadar.
Read NFT news covering collections, marketplaces, creator tools, tokenized media, and the shifting role of digital ownership in Web3.
It's the crypto crash everyone knew was coming; it has never been a question of if... but when?
A blip in trading volume last week allowed GODA Mint Pass and WAGDIE to overtake BAYC. But it all changed this week as BAYC regained the top spot on OpenSea, despite halving in price.
Bill Gates recently spoke at a climate conference and addressed crypto projects like NFTs as shams, saying they have no real contribution.
Some of the biggest brands in the world are adopting Polygon as their blockchain of choice
Despite the falling prices of these NFTs, DappRadar believes the “NFT market is far from dead.”
Around 58% of NFT investors are yet to make a profit from the space despite the fact that most investors are in it for the money.