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Over the past seven days, NFT trading volume has plummeted 32% to $407.3 million, driven by falling demand for non-fungible tokens.
NFT sales fell the most in the most popular Ethereum (ETH) blockchain. The turnover of tokens in this network decreased by 35% and amounted to $ 340.9 million. The value of sold coins issued in the Solana (SOL) and Flow (FLOW) cryptocurrency blockchains decreased by 12% and 22%, respectively.
On March 3, a hacker managed to hack into the NFT Treasure DAO trading market, created on the basis of the Arbitrum blockchain, and steal over 100 unique coins. Despite the cyberattack, the price of purchased tokens created on the Arbitrum network increased by 13% in a week.
NFT trading volume for the last seven days
Binance Smart Chain (BSC) set the record for the fastest growth in NFT trading volume. The value of coins sold on this blockchain increased by 46% to $224,213. At the same time, over the past 30 days, the turnover of tokens on BSC has skyrocketed by 1784% to $1.3 billion.
Google Trends statistics show a drop in people’s interest in non-fungible tokens. In February, searches for the keyword NFT were down 68% compared to January.
Dynamics of interest in NFTs
Attention to the metaverses also subsided last month. According to Google, users searched for information about virtual spaces 64% less frequently.
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