NFT trading volume has fallen 63% since December

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ODAILY
03-07
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According to the latest data, although the Non-Fungible Token (NFT) market showed signs of recovery by the end of 2024, the trading volume has dropped significantly in the first two months of this year. The NFT trading volume has decreased by 26% and 50% successively from $1.36 billion in December last year, with a cumulative decline of 63%. Analyst Sara Gherghelas pointed out that this decline is closely related to the overall performance of the cryptocurrency market. Despite the drop in trading volume, the number of active NFT users increased by 6% in February, with around 3.5 million users interacting with NFT platforms, particularly AI-driven assets. Personal avatar NFTs were the most popular, generating $243 million in trading volume. (Cointelegraph)

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