#NFT trading volume rises, but buyers decline.#
Hot Topic Overview
Overview
Although NFT trading volume rose 10.7% week-over-week to $155.4 million this week, market participation saw a significant decline. The number of NFT buyers fell by 81.79%, while the number of sellers dropped by 73.24%. This means that while trading volume has increased, the number of people participating in trading has decreased significantly. This could suggest that the NFT market is undergoing an adjustment period, and the increase in trading volume may be driven by a few large transactions, rather than widespread market participation.
Ace Hot Topic Analysis
Analysis
NFT trading volume has recently seen an increase, but the number of buyers has significantly decreased, resulting in a phenomenon of "increased volume and price, but fewer people." According to CryptoSlam data, NFT trading volume this week rose 10.7% week-over-week to $155.4 million, but the number of NFT buyers decreased by 81.79% to 122,806, and the number of sellers also decreased by 73.24% to 104,090. This indicates that while trading volume has increased, the number of people participating in trading has significantly decreased, leading to a decline in market activity. This phenomenon may be related to the overall decline in the heat of the NFT market and the increasing wait-and-see attitude of some investors. Nonetheless, some specific NFT projects are still performing well, such as Pudgy Penguins, whose trading volume increased by 82.32% week-over-week to $9.2 million, and BRC-20 NFT, whose trading volume also increased by 40.78% to $8.2 million. The future development trend of the NFT market still needs to be observed, but currently, the decrease in the number of market participants and the growth in trading volume are mainly driven by a small number of projects, which may indicate that the NFT market is going through an adjustment period.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
NFT trading volume has increased, but the number of buyers and sellers has dropped significantly, suggesting that the increase in trading volume is driven by a few large transactions rather than an overall increase in market activity.
The decline in NFT market participants may be related to low market sentiment, high price volatility, and a lack of new applications.
Some NFT projects, such as Pudgy Penguins and BRC-20 NFTs, have seen significant increases in trading volume, indicating that there are still local hot spots in the market.
Despite the increase in trading volume, the overall NFT market remains sluggish, and future trends remain to be seen.