📉🎨 Last week, the NFT market experienced a significant downturn with its total transaction volume plummeting to $73.2 million, marking a two-year low, reports Woo Blockchain, citing Dune Analytics data. A substantial portion of this volume—over half—was attributed to Blur, accounting for $47.64 million. OpenCe followed suit with approximately $17.83 million. In addition, the number of active NFT traders has dwindled to around 50,000, marking the lowest figure in the past two years. The market's recent fluctuations warrant close observation. 📊📉 #NFTMarket #TransactionVolume #MarketFluctuations

📉⚡ Bitcoin Network Fees Drop by 15.9%: Transactions Decline 🔻💸 According to IntotheBlock, Bitcoin network fees experienced a 15.9% decrease this week, mainly attributed to a reduction in transaction activity. The total Bitcoin network fees for the week amounted to $3.3 million. As transaction volume influences fee dynamics, this decline indicates a period of lower activity on the Bitcoin network. #Bitcoin #NetworkFees #TransactionVolume #cryptocurrency

**Breaking news:** 📉 As of October 9, the average weekly transactions on the BTC network have dropped to 283,000, the lowest level since February of this year. The network had maintained an average of 400,000 to 500,000 weekly transactions from May to September, peaking at 600,000 on September 20. Analysts suggest that the decline in Ordinals inscription activity, which requires users to generate a single transaction to link metadata to Satoshi, may have impacted BTC transactions. Keep an eye on the network dynamics! 🌐📊 #BTCNetwork #TransactionVolume #BlockchainAnalysis