The NFT Market Experiences Continuous Decline in Transaction Volume

According to Odaily, the NFT market has witnessed a decline in transaction volume for five consecutive quarters. Data compiled by DappRadar shows that the total NFT transaction volume in the second quarter of this year dropped to 823 million USD, compared to 4 billion USD in the same period last year. Although the total NFT transaction volume decreased by 19% in 2024, marking the worst year in the industry's history, current figures indicate that the market's downturn has not yet reached its lowest point.$WCT

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