OpenSea NFTs Seeing Decline in Volume Amid September Dump

OpenSea NFTs Seeing Decline in Volume

Leading non-fungible token (NFT) marketplace OpenSea has witnessed a decline in the trade volume of digital assets sold on its platform. 

Top NFTs on OpenSea

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.

Top NFT marketplaces

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.

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