Blur Surpasses OpenSea as the No.1 NFT Trading Platform
Over the past 30 days, NFT sales volume on prominent blockchain s like Ethereum, BNB Chain, and Flow has declined by 14%-41%. However, on other chains like Solana , Polygon , Cardano , and Arbitrum, the numbers have risen in the 11% to 64% bracket. That said, it should be noted that the rise in sales has not corresponded with a rise in the number of buyers and transactions in all cases. Thus, it can be said that even the NFT market is moving in tandem with the crypto market, as indecisiveness continues to prevail. Source: CryptoSlam Moreover, the bigger picture seems to be even bleaker. A recent tweet from the Director of Research at “PROOF” brought to light that the banking crisis likely instigated a “structural shift” within the NFT arena. In fact, according to Sam, aka NFTStatistics, “Since the SVB saga, unique NFT buyers per day have been about 25% lower than they were before. Feels a bit like a structural shift happened then.” Reasoning out why, the research execu...