Dune Analytics reports a 97% year-to-date decline in NFT trading volumes

In September, this figure fell to $466 million

29.09.2022 - 10:05

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What’s new? According to Dune Analytics, non-fungible token (NFT) trading volumes have fallen by 97% since the beginning of 2022. From January to September, this figure dropped from $17 billion to $466 million. Bloomberg reports, citing research from the analytics firm, that data was collected from NFT marketplaces such as OpenSea, NFTX, LarvaLabs, LooksRare, SuperRare, Rarible, and Foundation.

Bloomberg’s material

What else does the report say? A total of about 42 000 NFT traders were recorded in September, with a peak of 66 000 in March. Bloomberg also noted that the ongoing crypto winter has caused the industry’s total capitalization to drop by about $2 trillion.

On September 12, the total number of NFTs issued on the Solana blockchain reached 312 000. On September 4, this figure was only 39 000. Also, this month, the marketplace posted its highest level of trading since May, at $11,5 million.

Apple also approved the possibility of selling non-fungible tokens in applications that are hosted on the AppStore. However, a 30% commission will be charged when selling NFTs through the apps.

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