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NFT projects thrive even as OpenSea trading volumes take a hit

Published 02/24/2022, 02:19 PM
Updated 02/24/2022, 04:00 PM

Despite a number of attempted vampire attacks, nonfungible tokens (NFTs) continue to have a strong run on OpenSea, with the number of unique users and transactions increasing. However, the NFT market’s overall volume is falling behind last month’s figure of nearly $3 billion.

While there are NFT projects readying to hit the secondary market, it seems the sector, as a whole, is navigating the next move regarding utility and the integration of NFTs in the metaverse. Adding to this, global political uncertainties are also having a noticeable impact on market environments.

Azuki 30-day average price / volume. Source: OpenSea
3Landers all-time average price / volume. Source: OpenSea
NFT Worlds 7-day floor price. Source: NFT Price Floor
NFT Worlds 7-day average price / volume. Source: OpenSea
Mfers 7 day average price / volume. Source: OpenSea
Tubby Cats all-time average price and volume. Source: OpenSea
CatBlox 7-day average price and volume. Source: OpenSea

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