Cheaper NFTs Mean Sales Are Surging, But Trading Volume is Plummeting: DappRadar

DappRadar: NFT Prices Fall but Sales Rise - The Cryptocurrency Post

TL;DR DappRadar reported a 45% drop in NFT trading volume in the second quarter, while sales rose 78%. OpenSea led activity with a 156% increase in trades, driven by the upcoming $SEA token airdrop and interest in lower-value collections. Web3 hacks resulted in $6.3 billion in losses during the quarter, revealing structural flaws in security and fund management. The NFT market is going through a contradictory phase. While trading volume fell 45…

Cheaper NFTs Mean Sales Are Surging, But Trading Volume is Plummeting: DappRadar

A huge jump in NFT transactions may be linked to OpenSea's upcoming airdrop of the $SEA token, a new DappRadar report suggests.