Knowledge offered by DappRadar and compiled by NFT gaming platform Balthazar DAO exhibits that underneath the affect of macroeconomic elements and the collapse of FTX, NFT gross sales in November fell by 20%, and the entire gross sales of NFT within the 5 prime markets in November was about 394 million US {dollars} , the bottom on report this yr.

OpenSea, MagicEden, X2Y2, Seems to be Uncommon, and Solanart noticed volumes drop by greater than 20% in comparison with October, with Solana-based NFT market Solanart probably the most affected of the highest 5, down 93% from $6.25 million in October Simply $410,000 via November.

As well as, unbiased lively wallets interacting with these prime 5 NFT platforms have additionally dropped considerably since December. OpenSea noticed a 47% drop in person exercise, whereas MagicEden was down about 12.5% within the first few days of the month. Solanart is down 25%, whereas LooksRare and X2Y2 are down 41% and 64%, respectively.