The weekly number of unique wallets trading NFTs has fallen ~77% since February. We are now sitting at levels below what we saw in September 2021, back when Opensea was the market leader.
![image.png image.png](/_ipx/loading_lazy&f_webp&w_667/https://storage.googleapis.com/members-portal-bucket/uploads/2023/04/d0764346-image.png)
Contributing factors could include:
-
Wider economic uncertainty
-
A recent spike in Ethereum gas fees
-
Money moving to meme coins