Buying and selling volumes in non-fungible tokens (NFTs) took a significant dive, shedding nearly one hundredPercent using their all-time full of The month of january this season.
The buying and selling volumes fell 97% using their record high, Bloomberg reported, citing data from Dune Analytics.
More precisely, they fell from $17 billion in the beginning of 2022 to $466 million in September.
Meanwhile, according to NFT data aggregator CryptoSlam, in the last 24 hrs, the top five NFT collections by product sales include CryptoPunks, Sorare, Mutant Ape Yach Club (MAYC), Gods Unchained Immutable, and Bored Ape Yacht Club (BAYC), correspondingly.
These have experienced volumes between $5.seven million for CryptoPunks and $711,488 for BAYC.
In the last seven days, BAYC takes the very first place, with $9.5 million in sales, adopted by MAYC’s $4.8 million. CryptoPunks is within 5th place, with $3.six million.
Searching further, in the last thirty days, BAYC continues to be number 1 with sales totalling $34.5 million, as the all-time leader is Axie Infinity, with $4 billion. BAYC is second with $2.5 billion, relatively carefully adopted by CryptoPunks and MAYC.
Now, searching at the high projects individually, we discover that between The month of january 1 and September 29 (at noon UTC) have the ability to recorded significant losses:
- CryptoPunks product sales fell 96.7%,
- BAYC product sales fell 98.6%,
- MAYC product sales fell 98.9%,
- Sorare product sales fell 50.8%,
- Gods Unchain Immutable product sales fell 92.3%,
- Axie Infinity product sales fell 99.3%.
CryptoPunks product sales chart, The month of january 1 – September 29:
“The fading NFT mania belongs to a broader, $2 trillion wipeout within the crypto sector as quickly tightening financial policy starves speculative assets of investment flows,” Bloomberg noted.
That stated, just yesterday, regardless of the bear market, somebody bought a CryptoPunk for ETH 3,300 ($ 4.35m).
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