[Some observations on the NFT market]

1/ More than 90% of the trading volume in the NFT market is on ETH.

2/ The market value of ETH blue-chip NFTs accounts for more than 90% of the total market value of NFTs. NFTs that have not become blue-chip have basically returned to zero.

3/1% of whale traders contribute more than 90% of NFT trading volume.

4/So the current NFT market is composed of 1% of the giant whales playing more than 30 blue chips. The rest of the family members ran around with them.

#NFT #crypto2023 #bayc