Tuesday, December 6, 2022
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Last June saw a 94% drop in annual NFT trading volumes

According to statistics from The Block, in the middle of the year, NFT trading volume fell by 94% compared to January 2022. For the first time since July 2021, the total turnover of unique tokens decreased to $1.01 billion, and the record turnover was recorded in January and amounted to $12.6 billion.

Compared to the historical maximum, the volume of sales of unique digital assets decreased by 92% and updated the bottom reached in July 2021.

In fact, it turned out that there are no reliable collections of NFTs on the market, whose value would remain stable against the backdrop of a demand crisis.

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