온라인 슬롯 사이트
NFT Sales Volume Drops 20% in November
온라인 슬롯 사이트
The volume on OpenSea, Magic Eden, X2Y2, LooksRare, and Solanart decreased by more than 20% compared to the previous month of October, according to data provided by DappRadar and collated by the NFT gaming platform Balthazar DAO.
November the declining trend as the demise of major exchange FTX shook faith in digital assets at the beginning of the month, which also rocked spot market prices.
Marketplaces were chosen based on the highest all-time volume recorded, Balthazar said. Representatives for all five marketplaces did not immediately respond to requests for comment.
Magic Eden, the sole outlier of the five recorded platforms and Solana’s largest marketplace, was able to weather the storm, as seen by a month-over-month increase in sales volume of 60.9%.
Surprisingly, the least popular NFT marketplace situated in Solana, known as Solanart, was the one that was negatively affected the most out of the top five, seeing its revenue drop by 93% from $6.25 million in October to only $410,000 by November.
Interestingly, the less popular Solana-based NFT marketplace, Solanart, was the worst affected among the top five, declining 93% from $6.25 million in October to just $410,000 by November.
While sales overall have been on the decline, John Stefanidis, Balthazar’s CEO and co-founder, remains upbeat about the nascent technology, which took off in earnest toward the end of last year.
“What we’ve seen is obviously a decline in sales largely for…images and art, but what we’re starting to see is really cool and different applications of NFTs,” he said in a statement.
Tether USDt (USDT)
Bitcoin (BTC)
Ethereum (ETH)
XRP (XRP)
USDC (USDC)
Dogecoin (DOGE)
First Digital USD (FDUSD)
Solana (SOL)
Please
wait...