Trading volumes of NFTs have dropped 97 percent from a record high in January this year.
Transaction volumes of NFTs, digital art and collectibles recorded on blockchains, fell 97 percent from a record high in January this year.
NFT trading volume fell from $17 billion at the start of 2022 to $466 million in September, according to data from Dune Analytics.
In the news in Bloomberg HT, it was stated that this collapse in the NFT frenzy stood out as a small part of the $ 2 trillion extinction in the crypto industry as rapidly tightening monetary policies negatively affected speculative assets.
Daily Economy News 