Looks bare: OpenSea turns into NFT ghost-town after volume plunges 99% in 90 days By Cointelegraph

[ad_1]

Looks bare: OpenSea turns into NFT ghost-town after volume plunges 99% in 90 days

OpenSea, the world’s largest nonfungible token (NFT) marketplace, has witnessed a substantial drop in daily volumes as fears about a potential market bubble grow.

Notably, the marketplace processed nearly $5 million worth of NFT transactions on Aug. 28 — approximately 99% lower than its record high of $405.75 million on May 1, according to DappRadar.

OpenSea users, volume, and transactions statistics. Source: DappRadar
BAYC floor price throughout history. Source: CoinGecko
three-day price chart. Source: TradingView

BendDAO votes to improve NFT liquidity