Transactions hit US$4.7 billion in the first quarter of 2023, compared to just US$1.9 billion in the previous three months, according to sector analyst DappRadar. Though this was still a long way off the US$12.6 billion scored in the first quarter of 2022.16 Aug 2023
In the NFT market, transactions are declining and buyers are drying up, highlighted this past Sunday with just 194,689 total global NFT transactions. This is the lowest single day of global NFT trading volume since December 24, 2022, when we saw 156,344 total global transactions.19 Jul 2023
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