#NFT trading volume is rising, but buyers are declining.#
Hot Topic Overview
Overview
Despite a 10.7% week-over-week increase in NFT trading volume to $155.4 million, the number of market participants has significantly declined, with NFT buyers decreasing by 81.79% and sellers by 73.24%. This suggests that while NFT trading volume has grown, it is being driven primarily by a small number of buyers, with overall market participation declining. The increase in trading volume with a decrease in buyers may indicate that the NFT market is experiencing a period of adjustment, with market participants adopting a wait-and-see approach, awaiting clearer signals.
Ace Hot Topic Analysis
Analysis
Although NFT trading volume rose 10.7% week-over-week to $155.4 million this week, the number of market participants declined significantly, suggesting that the increase in volume was not driven by an influx of new buyers but rather by large transactions made by a small number of buyers. Specific data shows that the number of NFT buyers decreased by 81.79% to 122,806, the number of NFT sellers decreased by 73.24% to 104,090, and the number of transactions only increased slightly by 0.16% to 1,483,044. This phenomenon indicates that the NFT market is currently in a relatively quiet state, with market participants showing a decline in enthusiasm for NFTs, and trading is mainly concentrated on a small number of high-value NFTs.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
NFT trading volume has increased, but the number of buyers has decreased significantly, suggesting that the increase in trading volume is being driven by a small number of large transactions rather than broad market participation.
The number of participants in the NFT market has decreased, including both buyers and sellers, which could reflect declining market interest or a wait-and-see attitude among investors.
Despite the increase in trading volume, overall NFT market trading volume remains low, suggesting that the market has not yet returned to its previous level of activity.
Some NFT projects have performed well, such as Pudgy Penguins and BRC-20 NFTs, but the overall market remains sluggish.