#NFT trading volume is up, but buyers and sellers are down.#
Hot Topic Overview
Overview
While NFT trading volume rose 10.7% week-over-week to $155.4 million, market participation significantly declined. The number of NFT buyers dropped by 81.79% to 122,806, while the number of NFT sellers fell by 73.24% to 104,090. This suggests that while NFT trading volume is increasing, the number of people engaging in trades has significantly decreased, potentially indicating a market correction or investors taking a wait-and-see approach.
Ace Hot Topic Analysis
Analysis
NFT trading volume has recently surged, but the number of buyers and sellers has plummeted, resulting in a phenomenon of "increased volume and price, but fewer participants." According to CryptoSlam data, NFT trading volume rose 10.7% week-on-week to $155.4 million, but the number of NFT buyers decreased by 81.79% to 122,806, and the number of NFT sellers dropped by 73.24% to 104,090. This indicates that despite the growth in trading volume, there has been a significant reduction in the number of buyers and sellers participating in transactions, leading to a decline in market participation. This phenomenon could be attributed to market sentiment fluctuations, a strong wait-and-see attitude among investors, and a slowdown in the overall development of the NFT market. While some popular NFT projects like Pudgy Penguins have seen an increase in trading volume, the downward trend in overall market participation cannot be ignored. The future direction of the NFT market remains to be seen, but the decline in market participation is a phenomenon worth paying attention to.
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 decreased significantly, suggesting that the increase in trading volume may be driven by a few large transactions rather than an increase in broad market participation.
The decrease in NFT market participants may be related to low market sentiment, with investors waiting and seeing, leading to a decline in trading volume.
Some NFT projects, such as Pudgy Penguins and BRC-20 NFTs, have performed well, driving the growth in overall trading volume.
Despite the increase in trading volume, the NFT market remains in a slump, and future trends need to be observed.