Four out of five nonfungible token marketplaces saw a decline in sales volume in November compared with October, following an ongoing declining trend over the past year, according to a report by NFT gaming platform Balthazar.
Four out of 5 nonfungible token marketplaces saw a decline in sales volume in November compared with October, following an ongoing declining trend over the past year, according to a report by Balthazar, an NFT gaming platform.
According to the Balthazar analysis, OpenSea, Magic Eden, X2Y2, LooksRare and Solanart NFT marketplaces saw a combined loss in sales of over $100 million, or down 20% compared with October’s sales volumes. November set a record low for NFT sales volume this year. Magic Eden was the only marketplace out of 5 that saw an increase, rising to $94.40 million in November in sales from $58.66 million in October. OpenSea, which is one of the most popular NFT marketplaces, saw a $52.31 million decline, or down 30% from October. The hardest hit among the five was Solanart, which went to $6.25 million in October sales from $410,000 in November, a 93% decline.
Unique active wallets on OpenSea, Magic Eden, which show how many user wallets are interacting with the platform, also declined in December, according to DappRadar. OpenSea’s UAW declined by 12.68%, similar to LooksRare’s decline of 12.77%. Magic Eden’s UAW declined by 45.91% in the last 30 days, similar to X2Y2’s decline of 49.29%.Balthazar chose to analyze these marketplaces based on data from DappRadar, which indicated that these had the highest all-time sales volume recorded.
Representatives from four marketplaces did not immediately respond to a request for comment. Magic Eden said it was working on a response.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
People Share How They Realized They Married The Wrong Person, And Hindsight Is Definitely 20/20“After we were married, I would lay in bed and keep wishing I could ‘go home.’”
Leer más »
UK new car sales up more than 20% in November - SMMTBritish new car registrations rose for the fourth consecutive month in November, with a more than 20% jump, according to preliminary industry data released on Monday.
Leer más »
Giants report card: Total offensive meltdown after second-half touchdownGrading the Giants’ 20-20 tie against the Commanders on Sunday.
Leer más »
This Week’s NFT Sales Slid 5% Lower Than Last Week, Ethereum NFT Sales Accounted for 76.8% of the Volume – Markets and Prices Bitcoin NewsMost of the sales volume stemmed from Ethereum-based NFTs as there was $86.59 million in ETH-based NFT sales during the last seven days.
Leer más »
Nifty News: Reddit NFT mints reach all-time high, EU’s $400K Metaverse party flops and moreMinting of Reddit’s nonfungible tokens (NFTs) has hit an all-time high record, the European Union’s $400,000 metaverse threw a party and nobody showed, TimeX is making Bored Ape watches, and November NFT sales jumped 16% from October.
Leer más »
Save Thousands In Taxes by Harvesting NFT Losses - CoinLedger Explains How – Sponsored Bitcoin NewsThere’s a silver lining to the crash in the NFT market — millions of dollars of potential tax-savings. To help NFT investors claim their tax-savings
Leer más »