NFT trading volume has fallen 63% since December

Odaily News According to the latest data, although the NFT market rebounded at the end of 2024, trading volume fell sharply in the first two months of this year. NFT trading volume fell by 26% and 50% from $1.36 billion in December last year, with a cumulative decline of 63%. Analyst Sara Gherghelas pointed out that this decline is closely related to the overall performance of the crypto market.
Despite the decline in trading volume, NFT user activity increased by 6% in February, with about 3.5 million users interacting with the NFT platform, especially AI-driven assets. Personal portrait NFTs are the most popular, generating $243 million in transactions. (Cointelegraph)