.SeaLaunch_ data: Ethereum $ETH NFT trading volume drops 90% from peak NFT
The segments of non-fungible tokens and play-to-earn applications suffered the most in the latest bearish recession. Data analysts tracked the crucial metrics of the Ethereum NFT sphere to discover the scale of the collapse it faced.July 2023 was the worst month for Ethereum NFTs since last November; aggregated trading volume on major marketplaces dropped to $568.5 million in equivalent per month.
Meanwhile, the number of unique NFT users dropped to 107,000 holders; this is a multiyear low. In the last 12 months only, it dropped by over 66%.Also, the count of independent addresses for OpenSea monthly transactions has dropped to 64,600, which is also below two-year lows. Last but not least, the aggregated number of NFT sales lost 82% from the peak registered in February 2022.
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