Activity in NFT Industry Fell Sharply in April
Reading Time: < 1 minute
In the first quarter of 2023, the NFT market saw its highest trading volume since the second quarter of the previous year, amounting to around $4.7 billion.
However, activity amongst holders of tokenized collections has been decreasing as of April, with only 6 out of the 20 largest NFT collections seeing an increase in trading.
The trading volume of the second biggest collection, CryptoPunks, has dropped by more than 60%, while other popular NFTs such as Mutant Ape, Otherdeed, Moonbirds and Doodles have decreased by 20.16%, 53.09%, 73.57% and 63.55%, respectively.
On the contrary, the Captainz collection proved to be very popular in April, growing by 54%. Azuki, Autoglyphs and Meebits also experienced an increase in trading of about 30%.
Follow and like us on
