Surrender? NFT trading volume and prices have broken in for the last 30 days

Surrender? NFT trading volume and prices have broken in for the last 30 days

In the last 30 days there was a decline in the commercial volume and the prices of most non-fungible tokens (NFT) projects, probably due to the continuing Baisse in 2022 and in the first quarter of 2023.

According to data from the blockchain analysis company Intothlock, only six of the 20 largest NFT collections after market capitalization have recorded an increased trading volume in the past 30 days. The remaining collections recorded a significant decline in between 20 % and 99 %.

The NFT trade volume surrendered

The trade volume for the popular NFT collection of Cryptopunks, which is the second largest after market capitalization, broke up by 60.30 % last month. Other digital top collectors such as Mutant Ape Yacht Club, Otherdeed, Moonbirds and Doodles also decreased by 20.16 %, 53.09 %, 73.57 % or 63.55 %.

In addition, the ninth largest collection according to market capitalization, Sewer Pass, which was introduced by the NFT company Yuga Labs, recorded an astonishing decline in the commercial volume by 99.16 %. In contrast, the NFT collection of Captainz recorded the highest increase in the commercial volume with 53.81 %, while Bored Ape Yacht Club (BayC), the largest NFT collection after market capitalization, recorded an increase in the commercial volume by 24.67 %. Other projects such as Azuki, Autoglyphs and Measbits also recorded an increase in their trading volume by 24.49 %, 14.70 %or 2.48 %.

While some NFT projects recorded an increased trading volume, only four out of 20 collections recorded a price increase in the same period. The prices of Bored Ape Yacht Club (BayC) and Meebits fell by 16.42 % or 24.18 %, although their trading volume rose. In contrast, the price of cryptopunk rose by 2.37 %despite a decline in the commercial volume In the meantime, azuki, autoglyphs and captainz were the only collections that recorded growth in all aspects, with course gains of 5.29 %, 1.44 %or 36.60 %, accompanied by an increase in their trading volume.

NFT market continues to grow

Despite the recent weak performance, the industry of non -fungible tokens (NFT) has continued to grow and has developed further. As reported by cryptopotato At the beginning of this month, the market for digital collector's pieces had a solid start to the year.

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