Bloomberg: NFT Market Declines for Fifth Consecutive Quarter, Trading Volume Shrinks Significantly

NFT marketplace trading volume has declined for five consecutive quarters. According to data compiled by DappRadar, the total value of NFT transactions in the second quarter of this year fell to $823.00 million, compared to $4.00 billion in the same period last year. Although the total NFT transaction volume in 2024 has fallen by 19%, marking the worst year in the field's history, this year's data indicates that the market downturn has not yet bottomed out. (Bloomberg) [Odaily Planet Daily]