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 there is almost no trading volume, extremely low sales in 7 days, 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 NFT is only 1.14 years, which is significantly shorter than traditional crypto asset projects. Despite the growth of other areas in the crypto field during the bull market in 2024, the NFT market continued to decline. Despite this, the total sales of NFTs still reached 66.128 billion US dollars.