NFT trade falls by $ 823 million in the fifth quarter of a row in a row-large platforms withdraw, while the credit market collapses by 97%
NFT trade falls by $ 823 million in the fifth quarter of a row in a row-large platforms withdraw, while the credit market collapses by 97%
Agency of the NFT trade: fifth successive quarter loss from 80% to $ 823 million
In the fifth consecutive quarter, the NFT trade has a dramatic decline of 80%, which reduces the trading volume to just $ 823 million. This significant acceptance is due to the departure of several large platforms from the market that have severely affected trust in the NFT sector.
In addition to this decline, the market for NFT loans has also experienced a worrying decline of 97%. These developments indicate fundamental uncertainty in the field of digital assets. Investors and collectors are increasingly hesitating to invest in NFTs, which has a negative impact on the entire industry.The NFT market, which was originally shaped by high demand and speculative purchases, now faces significant challenges. While some platforms have left the market, the remaining actors seem to have difficulty keeping customers.
The combination of a falling trade volume and the decline in the credit market for NFTs could have long-term effects on the future of the NFT trade and the associated technologies. Observers are excited to see whether innovative approaches and adjustments in the market can lead to regulating the trust of investors and reviving the industry.
Overall, this decline is an alarming trend that illustrates the need for stability and sustainability in the NFT sector.
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