NFT Market Experiences Continuous Decline in Trading Volume

According to Odaily, the NFT market has seen a decline in trading volume for five consecutive quarters. Data compiled by DappRadar shows that the total trading volume of NFTs in the second quarter of this year decreased to 823 million USD, compared to 4 billion USD in the same period last year. Although the total trading volume of NFTs has decreased by 19% in 2024, marking the worst year in the industry's history, current figures indicate that the market downturn has not yet reached its lowest point.$WCT

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