Monthly trading volumes for Ethereum NFTs hit their lowest level in two years as activity on OpenSea, Blur, LooksRare and X2Y2 dried up.
In August, monthly trading volumes for Ethereum NFTs hit their lowest level in two years as activity on OpenSea, Blur, LooksRare and X2Y2 dried up.Stay updated on Pro Crypto Ecosystems news by locking ACS tokens with The Block.No wallet? No problem. You can set one up for free. We recommend Torus for first-time users.The monthly trading volume of Ethereum-based NFTs hit its lowest level in two years last month as activity on marketplaces OpenSea, Blur, LooksRare and X2Y2 dried up.
X2Y2 led the decline, falling 40% month-over-month — with Blur, OpenSea and LooksRare trading volumes dropping 38%, 18% and 8%, respectively.— also saw its lowest active-user count since July 2021, according to Dune Analytics. OpenSea active users fell 12% to 126,000 in August.Interest in blue-chip NFTs and Solana-based collections declines
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