The craze that surrounded profile picture NFTs (PFPs) in 2021 dwindled significantly as per data from Dune Analytics. According to the blockchain analytics platform, monthly NFT trading volume on OpenSea had declined by 93% from the all-time high of $4.86 billion in January. The last nine months have been full of ups and downs for […]
dropped by 32%. According to data from Dune Analytics, OpenSea Ethereum registered a sales volume of $339 million in the last 30 days. In August, this stood at $502 million.
However, on a quarter-on-quarter basis, OpenSea Polygon experienced its worst quarter yet as of 2022. Polygon closed Q3 with a 75% decline in sales volume from the previous quarter.With the fall in sale volume on OpenSea Ethereum, it was not surprising that the quantity of NFTs sold on the network within the 30-day period fell as well.
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