NFT Market: Sales Growth vs. Trading Volume Decline

The number of NFT transactions has sharply increased; however, trading volumes have somewhat declined. According to a report by DappRadar, this may be related to the upcoming airdrop of the $SEA token from OpenSea. Such an event has attracted the attention of a large audience eager to get their hands on parts of the novelty.

However, the decreased prices of NFTs are also having an impact. The depreciation of these assets may stimulate purchases but does not add enough value to maintain trading volume at a high level. This could indicate that the market is experiencing a correction phase before a potential growth after the token distribution.

If the situation with $SEA proves successful, we can expect further interest and investments in the NFT sector.

#CryptoNews #NFT #OpenSea's.NFT