#NFT trading volume is up, but the number of buyers is down.#
Hot Topic Overview
Overview
While NFT trading volume increased 10.7% week-over-week to $155.4 million this week, market participation declined significantly, with the number of NFT buyers down 81.79% and the number of sellers down 73.24%. This indicates that while NFT trading volume has increased, it is being driven primarily by a small number of buyers, and overall market participation is declining. The increase in trading volume with a decrease in buyers could suggest that the NFT market is going through a period of adjustment, with investors taking a wait-and-see approach and waiting for clearer signals.
Ace Hot Topic Analysis
Analysis
NFT trading volume has recently seen an increase, but the number of buyers has significantly decreased, presenting a paradoxical situation of "rising trading volume but fewer participants." Data shows that this week, NFT trading volume increased by 10.7% week-on-week to $155.4 million, but the number of NFT buyers declined by 81.79%, and the number of sellers also decreased by 73.24%. This phenomenon indicates that while NFT trading volume has grown, it is primarily driven by a small number of active users, and overall market participation has declined. This could be due to low market sentiment, strong investor wait-and-see sentiment, leading to a decrease in the willingness of new users to enter the market. Additionally, the intense competition in the NFT market and the uneven quality of projects may also be causing users to adopt a wait-and-see approach. Although trading volume has increased, the significant decline in the number of buyers and sellers suggests that a significant rebound in the NFT market is unlikely in the short term. Future development will still need to pay attention to factors such as market sentiment and project quality.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
NFT trading volume increased, but the number of buyers decreased significantly, indicating that the increase in trading volume was driven mainly by a small number of buyers, and market participation declined.
The growth in NFT trading volume was mainly driven by a few hot projects, such as Pudgy Penguins and BRC-20 NFTs, while overall market participation remains low.
NFT trading volume on both Ethereum and Bitcoin networks increased, but the number of buyers decreased significantly, indicating that the market may be going through a period of adjustment.
Despite the increase in NFT trading volume, the decline in the number of market participants suggests that the NFT market may be entering a new phase that requires new growth drivers.