Recent 30% Decline in NFT Buyers: A Deep Dive Analysis
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Hello everyone, Over the past month, the NFT market has witnessed significant shifts. Most notably, the number of NFT buyers has sharply declined by over 30% across major chains. I recently shared a thread on Twitter that breaks down the data behind this trend using insights from u/flipsidecrypto. A few highlights: – Most blockchains observed a reduction in NFT buyers. However, u/flow_blockchain emerges as an outlier, seeing a boost in its buyer base. Kudos to u/NFLALLDAY and u/HotWheelsGame NFTs for driving this growth! – On the u/solana side, the numbers are not as rosy. Most marketplaces like u/hyperspacexyz, u/coralcubenft, and u/tensor_hq have reported notable declines. In fact, Solana's weekly NFT buyers took a hit, dwindling from 40K to just 15K within the span of a month. To grasp the broader context and for a more in-depth look, check out the full Twitter thread here: https://twitter.com/jackthepine/status/1696961583769850331 the comprehensive u/flipsidecrypto dashboard here: The NFT landscape is constantly evolving, and while fluctuations are expected, staying informed is crucial. Let's keep the conversation going and share your thoughts below! submitted by /u/MTG-oracle |
