Stock Groups

NFT prices misfire as OpenSea daily active user volume drops 30% in a week -Breaking

[ad_1]


While it seems OpenSea is keeping pace with January’s total volume of $5 billion by generating over $1.3 billion in total volume the last 7 days, the number of active users has decreased by more than 30% according to data from Dune Analytics.

Is it possible to begin to recognize a slowdown in trading activity as an indication of an upcoming recession?Impending pullback in the marketOr are collectors and investors taking up trading elsewhere?

OpenSea Daily Active Users Source: Dune Analytics
Hape BeastThe 14-day average price per unit volume. OpenSea
CloneX all-time average price / volume: OpenSea
7 day average price / volume: OpenSea Azuki