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Data: The Average Weekly Transaction Volume of NFTS in March Fell by 54% Month-On-Month

By WebsCryptoMarch 28, 20221 Min Read
Data: The Average Weekly Transaction Volume of NFTS in March Fell by 54% Month-On-Month
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Data from Blockchain analytics firm Chainalysis shows that so far, the average weekly NFT transaction volume in March has dropped by 49% and 54% from the average weekly transaction volume in January and February, respectively.

The number of NFT sellers in March was 7,219, a significant decrease from the end of January (21,296).

DappRadar chief analyst Pedro Herrara said: Risk aversion is also spreading in the NFT market due to tightening monetary policy and geopolitical uncertainty.

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.
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