NFT transaction volume fell by more than 40% in April to $480 million, and Blur still dominates the market

Odaily Planet Daily News According to TheBlockPro's disclosure of NFT market data in April, the following are shown: 1. Affected by the decline in trading volume on major platforms such as CryptoPunks, Blur and OpenSea, NFT trading volume fell 40.5% to US$480 million; 2. Although the market share fell slightly from 65.7% to 63.3%, Blur still maintained its leading position as the dominant player in the NFT market; 3. The number of NFT traders fell from 263,000 to 224,000, a decrease of 14.9%. OpenSea performed better than its competitors, with the number of traders falling only 5.1% and its market share rising to 55.1%; 4. NFT market royalties fell by more than 50% to US$3.6 million, and the effective royalty rate (ERR) of most platforms also fell, indicating a broader downturn in NFT transactions and resistance to paying royalties in the bear market.