According to ChainCatcher, the latest report from nftevening.com shows that the NFT market is facing serious difficulties, with 96% of NFTs considered "dead", meaning that these tokens have almost no trading volume, extremely low 7-day sales, and almost no presence on social media.
The report analyzed more than 5,000 NFTs and 5 million transactions, revealing the high loss rate faced by investors, with more than 43% of holders having suffered losses and the average return on investment falling by 44.5%. The average life cycle of NFTs is only 1.14 years, significantly shorter than traditional crypto asset projects. Despite growth in other areas of the crypto space during the 2024 bull run, the NFT market continued to decline. Despite this, total NFT sales still reached $66.128 billion.