in 2023 In Q2, the entire buying and selling quantity of the NFT market fell to lower than $3 billion, which is nearly 40% lower than the earlier month

The newest evaluation knowledge exhibits that the entire transaction quantity of the NFT market in 2023 will lower to about 2.9 billion within the second quarter.

As well as, the info additionally exhibits that NFT gross sales within the second half of 2023. within the quarter will likely be roughly 18.6 million, which is 9.2% lower than within the first quarter.

Blur nonetheless maintains a dominant place within the NFT market, however the aggregator’s buying and selling quantity within the second quarter nonetheless fell by 34% in comparison with the earlier quarter. In distinction, OpenSea, the second-largest NFT market, was hit more durable, with transaction quantity plummeting by greater than 56%.

Nonetheless, two NFT marketplaces, Immutable X Market and JPG Retailer, bucked the development with transaction quantity rising by 37% and 64% respectively.

Dapprader identified that the correlation between buying and selling quantity and market pleasure just isn’t sturdy, and a lower in buying and selling quantity doesn’t essentially point out a weakening of curiosity or exercise available in the market.