Data provided by DappRadar and compiled by NFT gaming platform Balthazar DAO shows that under the influence of macroeconomic factors and the collapse of FTX, NFT sales in November fell by 20%, and the total sales of NFT in the five top markets in November was about 394 million US dollars , the lowest on record this year.
OpenSea, MagicEden, X2Y2, Looks Rare, and Solanart saw volumes drop by more than 20% compared to October, with Solana SOL -1.28%-based NFT marketplace Solanart the most affected of the top five, down 93% from $6.25 million in October Just $410,000 through November.
In addition, independent active wallets interacting with these top five NFT platforms have also dropped significantly since December. OpenSea saw a 47% drop in user activity, while MagicEden was down about 12.5% in the first few days of the month. Solanart is down 25%, while LooksRare and X2Y2 are down 41% and 64%, respectively.
