#NFT market trading volume drops to new low#
Hot Topic Overview
Overview
NFT market trading volume and sales volume both fell to their lowest levels since 2020 in 2024, with annual trading volume down 19% and sales volume down 18%. Although trading volume reached $5.3 billion at the beginning of the year, it subsequently declined sharply, reaching only $1.5 billion in the third quarter. While trading volume rebounded slightly at the end of the year, the overall trend suggests a decline in market participation. Affordability, accessibility, and utility will be key for future development. NFT platforms such as Blur have gained market dominance with zero-fee trading and airdrop campaigns, while OpenSea has faced regulatory hurdles and declining market sentiment.
Ace Hot Topic Analysis
Analysis
NFT market trading volume and sales numbers in 2024 have fallen to their lowest levels since 2020, a trend suggesting that the NFT market is experiencing a winter. According to Decrypt, annual NFT trading volume has declined by 19% and sales volume has fallen by 18%. While trading volume increased at the beginning of the year, it plummeted to $1.5 billion in the third quarter, recovering slightly to $2.6 billion in the fourth quarter. Despite fluctuating trading volumes, overall market participation has decreased, indicating that the NFT market is facing challenges with affordability, accessibility, and utility. NFT platforms like Blur have dominated market activity with their zero-fee trading and aggressive airdrop campaigns, while OpenSea struggles with regulatory hurdles and waning market sentiment. While the late 2024 trading volume hints at a potential rebound, the overall trend suggests that affordability, accessibility, and utility will be key for sustained growth in 2025.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
NFT market trading volume and sales volume dropped to their lowest levels since 2020 in 2024, indicating a decline in overall market participation.
NFT market trading volume experienced fluctuations in 2024, but the overall trend suggests that affordability, accessibility and utility will be key to future growth.
Platforms like Blur have dominated market activity through zero-fee trading and airdrops, while OpenSea has faced regulatory headwinds and declining market sentiment.
Despite a rebound in trading volume at the end of 2024, the overall trend suggests that the NFT market continues to face challenges.