Connect with us

NFTs

Ethereum NFT Activity Drops to Lowest Level Since H1 2021

TokenTalk Staff

Published

on

Ethereum NFT Activity Drops to Lowest Level Since H1 2021

The non-fungible token (NFT) market is still in its infancy, waiting for some opportunity to recover. Q2 2024 saw positive momentum, but the surge was mainly driven by Bitcoin NFTs. The metrics for Ethereum NFTs suggest a bleak picture.

For example, the number of unique Ethereum NFT traders across the top 15 markets fell for the sixth consecutive month in June, hitting the lowest level since July 2021.

The metric is still dominated by OpenSea, which recorded over 76,000 traders in June, compared to approximately 24,000 for Blur.

The number of Ethereum NFT trades across the top 15 markets tracked by The Block refused last month to the lowest level since May 2021. Of the total 203,970 trades recorded by these exchanges, 106,100 were processed by Blur and 94,500 by OpenSea.

Meanwhile, monthly revenue across the top 20 Ethereum NFT marketplaces has fallen to its lowest level since January 2021, according to data from Token Terminal.

June was the first month since early 2021 that monthly revenue on these marketplaces fell below the $1 million mark, declining to $950,000. For comparison, in January 2022, LooksRare, a decentralized NFT marketplace, saw revenue figures exceed the $200 million level.

Coincidentally or not, some high-profile NFT holders are starting to sell their tokens. Billionaire Mark Cuban has sold more than a dozen of his NFTs for a total of about US$39,000 in late June. This was his first NFT sale in two years. Additionally, two of his NFTs, worth a total of $66,000, are still available for sale on OpenSea.

Recently, DappRadar launched its State of the Dapp Industry report for Q2, stating that the NFT sector had its best quarter since the first three months of 2023, with trading volume increasing to $4 billion. However, Bitcoin NFTs have been the main driving force.

Stay up to date with the latest news:

Subscribe to our newsletter using this link – we will not spam!

Follow us on X It is Telegram.



Fuente

We are the editorial team of TokenTalk, where seriousness meets clarity in cryptocurrency analysis. With a robust team of finance and blockchain technology experts, we are dedicated to meticulously exploring complex crypto markets with detailed assessments and an unbiased approach. Our mission is to democratize access to knowledge of emerging financial technologies, ensuring they are understandable and accessible to all. In every article on TokenTalk, we strive to provide content that not only educates, but also empowers our readers, facilitating their integration into the financial digital age.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Información básica sobre protección de datos Ver más

  • Responsable: Miguel Mamador.
  • Finalidad:  Moderar los comentarios.
  • Legitimación:  Por consentimiento del interesado.
  • Destinatarios y encargados de tratamiento:  No se ceden o comunican datos a terceros para prestar este servicio. El Titular ha contratado los servicios de alojamiento web a Banahosting que actúa como encargado de tratamiento.
  • Derechos: Acceder, rectificar y suprimir los datos.
  • Información Adicional: Puede consultar la información detallada en la Política de Privacidad.

NFTs

Bitcoin Leads NFT Sales in 30 Days, Outperforming 24 Blockchain Competitors – Market Updates Bitcoin News

TokenTalk Staff

Published

on

Bitcoin Leads NFT Sales in 30 Days, Surpassing 24 Blockchain Competitors – Market Updates Bitcoin News

https://news.google.com/./articles/CBMiXGh0dHBzOi8vbmV3cy5iaXRjb2luLmNvbS9iaXRjb2luLWxlYWRzLTMwLWRheS1uZnQtc2FsZXMtb3V0cGFjaW5nLTI0LWJsb2NrY2hhaW4tY29tcGV0aXRvc nMv 0gEA?hl=en-US&gl=US&ceid=US%3Aen

Fuente

Continue Reading

NFTs

Bored Ape Yacht Club NFTs: Where Are They Now?

TokenTalk Staff

Published

on

Bored Ape Yacht Club NFTs: Where Are They Now?

https://news.google.com/./articles/CBMiamh0dHBzOi8vd3d3LmJsb29tYmVyZy5jb20vbmV3cy9uZXdzbGV0dGVycy8yMDI0LTAyLTI5L3doYXQtaGFwcGVuZWQtdG8teXVnYS1sYWJzLWJvcmVkLWF w ZS15YWNodC1jbHViLW5mdHPSAQA?hl=en-US&gl=US&ceid=US%3Aen

Fuente

Continue Reading

NFTs

GoMining Unwrapped: How BTC Mining with NFTs Works – Branded Spotlight Bitcoin News

TokenTalk Staff

Published

on

GoMining Unwrapped: How BTC Mining with NFTs Works – Branded Spotlight Bitcoin News

https://news.google.com/./articles/CBMiS2h0dHBzOi8vbmV3cy5iaXRjb2luLmNvbS9nb21pbmluZy11bndyYXBwZWQtaG93LW1pbmluZy1idGMtd2l0aC1uZnRzLXdvcmtzL9IBAA?hl=en-US&gl=US&ceid= US%3Aen

Fuente

Continue Reading

NFTs

Trump Reaffirms Support for Cryptocurrency, Plans to Launch 4th NFT Collection – Featured Bitcoin News

TokenTalk Staff

Published

on

Trump Reaffirms Support for Cryptocurrency, Plans to Launch 4th NFT Collection – Featured Bitcoin News

https://news.google.com/./articles/CBMiX2h0dHBzOi8vbmV3cy5iaXRjb2luLmNvbS90cnVtcC1yZWFmZmlybXMtc3VwcG9ydC1mb3ItY3J5cHRvLXBsYW5zLXRvLWxhdW5jaC00dGgtbmZ0LWNvbG x lY3Rpb24v0gEA?hl=en-US&gl=US&ceid=US%3Aen

Fuente

Continue Reading

Trending

Copyright © 2024 TOKENTALK.TOP. All rights reserved. This website provides educational content and highlights that investing involves risks. It is essential to conduct thorough research before investing and to be prepared to assume potential losses. Be sure to fully understand the risks involved before making investment decisions. Important: We do not provide financial or investment advice. All content is presented for educational purposes only.