#NFT trading volume rises but buyers decrease#
Hot Topic Overview
Overview
Despite a 10.7% week-over-week increase in NFT trading volume to $155.4 million, market participation has declined significantly. NFT buyers dropped 81.79% to just 122,806, while sellers also decreased by 73.24% to only 104,090. This suggests that while NFT trading volume has risen, it is driven primarily by a small number of buyers, with overall market participation declining and trading activity remaining low.
Ace Hot Topic Analysis
Analysis
NFT trading volume has recently increased, but the number of buyers has decreased significantly, resulting in a phenomenon of "volume and price rise, but few people." Data shows that NFT trading volume this week increased by 10.7% to $155.4 million week-on-week, but the number of NFT buyers decreased by 81.79%, and the number of sellers also decreased by 73.24%. This indicates that although trading volume has increased, the number of market participants involved in trading has decreased significantly, and trading activity has declined. This phenomenon may be related to low market sentiment and strong investor wait-and-see sentiment. Although some NFT projects, such as Pudgy Penguins and BRC-20 NFTs, have seen an increase in trading volume, overall market participation remains low. The future development trend of the NFT market still needs to be observed, but for now, the decline in the number of market participants is a signal worth paying attention to.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
NFT trading volume rose, but the number of buyers and sellers fell sharply, indicating increased trading activity but lower market participation.
The growth in NFT trading volume was driven primarily by a few high-value transactions, rather than widespread market participation.
The NFT market may be going through an adjustment period, with some investors possibly waiting on the sidelines for clearer signals.
The growth in NFT trading volume may be driven by whales or institutional investors, rather than retail users.