Joseph A.C. Lloyd
Joseph A.C. Lloyd

Steady Fall in The Number of NFT Traders

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.

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Contributing factors could include:

  • Wider economic uncertainty

  • A recent spike in Ethereum gas fees

  • Money moving to meme coins

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Hmm it's quiet here.

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