Odaily News The recent "2024 NFT Drops State" report by NFTevening and Storible shows that the NFT market is in trouble in 2024. The report surveyed more than 29,000 NFT series released throughout the year and compiled data from OpenSea and Dune Analytics. The report pointed out that an average of 3,635 NFT series were created per month in 2024 amid an oversaturated market. 98% of NFT Drops were not profitable, no trading activity has been recorded since September, and they were judged to have failed. In addition, 98% of NFT prices also fell by at least 50% within the first three days after launch. In addition, 84% of NFTs in 2024 had a historical high price equivalent to their mint price, which means they never gained any additional value. According to NFTevening's analysis, only 0.2% of all NFT series have brought profits to investors. Even among actively traded or "active" NFTs, only 11.9% have proven profitable. Dune Analytics data shows that OpenSea's daily trading volume has dropped 76.32% from earlier this year. In addition, the minting volume has also been affected, as 64% of NFTs have been minted less than 10 times. (CryptoPotato)