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Data: NFT Sales Fell 20% In November

By Simon LawsonDecember 6, 20221 Min Read
Data: NFT Sales Fell 20% In November
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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.

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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.

DISCLAIMER: The information provided by WebsCrypto does not represent any investment suggestion. The articles published on this site only represent personal opinions and have nothing to do with the official position of WebsCrypto.
DAO DApp FTX NFT OpenSea Solana
Simon Lawson
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Simon Lawson has been a professional financial reporter for 6 years. He has in-depth research on the crypto industry and will release major crypto news in a timely manner.

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