Odaily Planet Daily News Since January, the monthly transaction volume of the NFT market on Ethereum has been declining. Even in January, the transaction volume was still dwarfed by the billions of dollars in monthly transaction volume during the 2021/2022 bull market. In May, the transaction volume did not even exceed $500 million. In addition, data shows that the average daily number of NFT traders on the Ethereum chain has fallen below 4,000 for the first time since June 2021. In February 2022, the indicator peaked at more than 80,000 and has been declining since then. Although the number of users remained flat from June 2023 to February 2024, it then began to slowly decline again. (TheBlock)