Ethereum NFT Traders Drop Below 4,000, Lowest Since June 2021

IconCryptoNewsTerminal Staff13 Jun, 2024

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Ethereum NFT Traders Drop Below 4,000, Lowest Since June 2021

According to a report by The Block, the number of daily Ethereum NFT traders has fallen below 4,000 for the first time since June 2021, reflecting a broader decline in the NFT market. On Ethereum NFT marketplaces, trading volume has been declining since January, with May seeing volumes drop below $500 million. This drop in trading activity indicates a lack of demand and a possible correction in the NFT market.