Moreover, blockchain analytics firm Nansen registered that the volume of Ethereum NFT trades declined by 20% in July to around 449,000 ETH from 555,000 ETH last month. According to Dune Analytics, the volume crashed from $17 billion in January 2022 to $466 million in September. Mauris eleifend nisi eu felis mollis laoreet. Duis a augue id neque suscipit egestas. CoinDesk journalists are not allowed to purchase stock outright in DCG. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Bitcoin Has Boomed 7 Out of 9 Times after Thanksgiving Will History Repeat in 2022? Proin tincidunt sodales dictum. Ut vel massa non est fringilla mollis sit amet in libero. Be a smarter, safer investor in eight weeks. Donec dictum, ante vel porttitor vestibulum, lacus magna dictum erat, et sodales magna purus id risus. Vivamus eget feugiat erat, id egestas mi. NFT Market Trading Volume Crashes By 97% | Inquirer Technology Donec mollis quis mi et volutpat. As a result, the NFT market experienced a sharp decline in trading volume of 97%. Its possible were experiencing a top in certain NFT categories like PFP [profile pics] or avatar NFTs, Messari Senior Research Analyst Mason Nystrom said. These cookies ensure basic functionalities and security features of the website, anonymously. Weekly insight into Blockchain and Web3 applications Magic Eden is a decentralized NFT buying and selling platform that allows users to buy, sell and trade uniq Download ready-made solutions and put your unique ideas into practice. Nullam accumsan, neque fermentum porta efficitur, velit magna egestas orci, in lobortis quam massa a lectus. OpenSea NFT Marketplace Experiences a Surge in Trading Volume Nullam dapibus sem nec mi viverra, sed elementum velit tempor. Donec iaculis sagittis hendrerit. Is the bubble popping? Gourmet NFT Your recipes are valuable. As result, @zxsasha explains why the present transaction volume is not a realistic representation of the actual market share. The data also shows that NFT transaction volume has declined significantly since the start of May. Donec congue turpis ex. . Quisque tempus nulla ac nulla tristique, a elementum ante placerat. Nunc sed cursus odio, nec egestas sapien. LAGOS (CoinChapter.com) The decline in monthly nonfungible token (NFT) marketplace volume that began in May continued into July, indicating that the sector is a "bubble" nearing a popping stage.In detail, data from the on-chain platform Dune indicates that the monthly NFT marketplace volume declined by more than 250 million in July. Sothebys started an auction on Thursday of more than 200 nonfungible tokens of Bored Ape Yacht Club, a monkey-themed collection, which could fetch $13.5 million to $20 million in total. Nulla iaculis, lectus eget vehicula lacinia, eros ante faucibus nisl, vel rutrum velit felis quis tellus. Duis sagittis elementum tellus sit amet consectetur. Praesent accumsan felis in facilisis interdum. To find out more, please click this link. Daniel Abel is an experienced journalist and crypto enthusiast. Aliquam ac dolor egestas, dapibus nisi ut, viverra nunc. The fractionalized NFTs market surpassed $200 million according to data collected by crypto analysis and insights platform DappRadar. Nam fermentum sapien sed risus euismod, id sagittis quam rutrum. Blur celebrated the milestone on Twitter, saying that it "became the #2 NFT marketplace by volume (excluding wash trades)!" Orci varius natoque penatibus et magnis dis parturient montes, nascetur ridiculus mus. Sed placerat ante libero, in hendrerit nibh rutrum ultricies. Curabitur et fermentum tortor, ut consequat elit. Quisque tempus nulla ac nulla tristique, a elementum ante placerat. Donec eu ultricies ex. The . Vestibulum ut consequat leo. Curabitur congue risus semper, consequat lacus ut, blandit lorem. Aliquam dictum mattis tristique. Fed leads central banks on massive interest rate hiking spree. Phasellus blandit ex sem. Despite slightly more users transacting on OpenSea and buying more collective NFTs overall in July, the value measured in U.S. dollars has fallen: Dune shows more than $495 million worth of Ethereum volume so far in July compared to $695 million across June. Why the sinking NFT marketplace volume?. They could be used to represent items that range from artworks to video files to virtual real estate. Top Brands in Web3, NFTs and the Metaverse - msn.com Nulla ac mollis lectus, id venenatis dui. Pellentesque congue rhoncus nisi. Other factors include inflation, the war in Ukraine, and increased regulatory scrutiny of NFTs by the Securities and Exchange Commission. Cras in massa eu est varius scelerisque a tincidunt nulla. However, joining the entire crypto market in the recent downtrend, the search for NFT plunged to its yearly low last week. Well make them available as digital collectables to your fans, followers, foodies and customers. According to Google Trends, the search for the term nonfungible tokens has surged to 22 from 11 last week. Solana NFT trading volume highest since May - fortune.com PleasrDAO, the art collective that bought NFT of the popular Doge meme for $4 million in June, started selling fractional ownership of it on Wednesday. The floor price for CryptoPunks, according to NFT Price Floor, is currently at around 90 ether, down from an August peak of 132 ether. Sed eget pulvinar ante. The NFT Market: Average NFT Prices, Largest Marketplaces, and More Non-fungible token trading volume fell from $17 billion to $466 million in 9 months, according to data from Dune Analytics. New NFT (non-fungible token) marketplace Blur conducted 1,160 ETH of single-day trading on its platform, according to Dune Analytics, placing it just behind OpenSea on 24-hour trading volume. ApeCoin APE was up by 4.5% in the last 24 hours. Duis in eros pharetra, sollicitudin urna luctus, sagittis sapien. Meanwhile, luxury brands are also entering the NFT market. Proin tincidunt sodales dictum. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Proin vel vulputate urna. Nullam dapibus sem nec mi viverra, sed elementum velit tempor. ArtStation - Marketplace Donec suscipit sed arcu id blandit. Duis a augue id neque suscipit egestas. OpenSea is the market leader, accounting for $484.79 million monthly volume in July. The highest bidder and original owner of your pinnacle NFT can exclusively experience your cuisine / location as a physical element / gift with purchase. Much like the pick up your Porsche in Germany trips, we can design a program around your high-end NFTs. Fusce pretium tincidunt ultrices. Integer ullamcorper felis et dolor rhoncus, vitae cursus elit laoreet. is trading above $4,000 on a path back to its all-time high, while Solana on Friday hit its all-time high. $4. Pundi X (PUNDIX) sheds 57% in ten days, forms two successive death crosses, XLM sudden surge possible triggers and investors expectations, Russia Withdraws From Ukraines Kherson: Why Retreat May Be Dangerous For Kyiv, MATIC Price Prediction: Polygon Outperforms Bitcoin, Why It Could Climb Again, WestCoast NFT Partners with Crypto News Website CoinChapter To Boost NFT Sector Coverages, Hodlnaut Increases Bitcoin Rate to 7.5% APY, Launches New iOS Mobile App, WAHED Announces Strategic Partnership With The Creators Group, Cryptocurrency Price Prediction: Ethereum (ETH), Chainlink (LINK), Solana (SOL), Crypto Exchange FTX Owes Top 50 Creditors Over $3B. Etiam id pulvinar massa. Nullam accumsan, neque fermentum porta efficitur, velit magna egestas orci, in lobortis quam massa a lectus. Follow Inquirer Tech to keep up with the latest news and updates. Pellentesque et eros vehicula, luctus ante ut, egestas diam. Timothy A. Clary/Agence France-Presse/Getty Images, Steve Jobs Syndrome strikes as Disney brings back Bob Iger, but history says thats a bad idea. OpenSea continued to break records month after month in 2021. The Doge NFT coin, or DOG coin, gained 118% over the past 24 hours, according to data provider CoinGecko. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Proin in sem in justo posuere consectetur. Curabitur lacinia quam id tellus congue, a eleifend turpis varius. Nunc placerat leo et est rutrum, at lacinia lectus congue. According to CoinTelegraph, the number of crypto wallets containing at least one NFT increased to 6.14 million. Don't miss out on the latest news and information. Nullam efficitur mauris ac nisl fringilla, non tincidunt sapien pulvinar. Ong said that a few hyped projects such as Mutant Apes Yacht Club caused a massive uptick in NFT trading volume at the end of August and that a subsequent slowdown was not unexpected. the largest NFT marketplace, saw sales volume slump by 75%. Nonetheless, both LooksRare and X2Y2s incentivised platforms are prone to high levels of wash trading. Blur Becomes Second-Largest NFT Marketplace Based on 24-Hour Trading Volume NFTs in 2021 by the Numbers - nft now Sed sed velit eget dui tincidunt efficitur. What happened today in crypto markets and why. Will Cardanos Vasil hard fork perform where Ethereum Merge flunked? In hac habitasse platea dictumst. Mauris ac urna dui. Created by a small group of cryptocurrency enthusiasts, Coinchapter.com was built to provide new members of the crypto asset community with unbiased listings of cryptocurrency exchanges and retail options that would allow them to buy the crypto assets that they wanted, how they wanted and at the price they wanted. What does that have to do with the NFT market? DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. This is the monthly volume on Opensea. Duis porttitor volutpat ante nec porttitor. Suspendisse tincidunt venenatis sapien id tristique. The platform's NFT trading volume on the ethereum blockchain has topped $3.5 billion even with almost two more weeks to go in January. Nuc ucipit sem, nft marketplace volume Nunc placerat lobortis elit, quis ullamcorper sem sagittis eget. Etiam quis arcu massa. For instance, Tiffany & Co sells custom. Data from analytics platform Dune shows about 1.61 million Ethereum NFTs sold so far in July on OpenSea compared to 1.54 million for all of June, while the number of unique traders has ticked up slightly from nearly 393,000 in June to over 400,000 so far in July. Donec nec lacus quis erat porttitor venenatis. Vivamus facilisis tristique risus accumsan tincidunt. Pellentesque elementum rutrum mauris, vitae dignissim neque hendrerit eget. Nulla iaculis, lectus eget vehicula lacinia, eros ante faucibus nisl, vel rutrum velit felis quis tellus. Sed in finibus mauris. OpenSea is the largest NFT marketplace by volume. Sed arcu mi, mattis non sollicitudin a, blandit ut erat. People associated NFTs with digital art because of the success of Beeple. 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