Leading non-fungible token (NFT) marketplace OpenSea has witnessed a decline in the trade volume of digital assets sold on its platform.
As seen in the image above, only the top three NFTs, namely Loot, CryptoPunks, and Bored Ape Yacht Club have temporarily recovered. CrypToadz is also enjoying a green statistic as the 10th on the list. However, everything else is in the red.
Nevertheless, OpenSea remains the top NFT marketplace, followed by the play-to-earn game Axie Infinity, according to DappRadar.
The price and volume decline is also aligned with the recent crypto dump happening in September, which is widely known in the crypto world as the “bear” month. True enough, leading cryptocurrencies such as Bitcoin and Ethereum witnessed a sharp plunge in just a matter of days.
Specifically, Bitcoin fell to $46,639.88 at the time of writing, according to CoinGecko. Prior to the dump, the chief crypto has been reestablishing itself at the $50,000 level. Meanwhile, Ethereum is back to $3,440.01 at the time of writing, despite earlier momentum at almost $4,000.
Crypto News Land (cryptonewsland.com) , also abbreviated as “CNL”, is an independent media entity — we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.