#NFT trading volume is rising, but buyers are decreasing.#
Hot Topic Overview
Overview
Despite a 10.7% week-over-week increase in NFT trading volume to $155.4 million, market participation has seen a sharp decline. The number of NFT buyers decreased by 81.79% to 122,806, while the number of NFT sellers decreased by 73.24% to 104,090. This suggests that while trading volume has grown, the number of buyers and sellers involved in the transactions has significantly reduced, possibly indicating that the market is experiencing a period of adjustment, or market participants are waiting for more attractive investment opportunities.
Ace Hot Topic Analysis
Analysis
NFT trading volume has recently increased, but this growth is not driven by an increase in the number of buyers, but rather an increase in the volume of transactions. Data shows that NFT trading volume increased by 10.7% week-over-week to $155.4 million, but the number of buyers decreased by 81.79% and the number of sellers decreased by 73.24%. This suggests that the NFT market is currently in a relatively cold state, and the increase in trading volume is mainly driven by frequent transactions from a small number of active users, rather than the influx of new users. Although some projects such as Pudgy Penguins and BRC-20 NFTs have seen an increase in trading volume, overall market participation remains low. This phenomenon may be related to low market sentiment, investor wait-and-see attitude and the NFT market has not yet found new growth points. The future development direction of the NFT market still needs to be observed, but for now, the NFT market has not yet emerged from the trough.
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, indicating a decrease in market participants. The increase in trading volume may be driven by a few large transactions.
The growth in NFT trading volume is driven primarily by a few popular projects, such as Pudgy Penguins and BRC-20 NFTs, while overall market participation remains low.
NFT trading volume on both the Ethereum and Bitcoin networks has increased, but the number of buyers has dropped significantly, suggesting that market participants' interest in NFTs may be waning.
Despite the increase in NFT trading volume, the overall market remains sluggish, and future trends remain unclear.