OpenSea’s Ethereum volume plummets 25% as global NFT interest plunges - BitcoinEthereumNews.com
Ethereum Mga NFTAng dami ng Ethereum ng OpenSea ay bumagsak ng 25% habang ang pandaigdigang interes ng NFT ay bumagsak06 / 06 / 2022Balita ng Ethereum ng Bitcoin Data from Dune Analytics shows that OpenSeas Ethereum volume in May turned out lower than the previous month, which somewhat suggests that Ethereum may be losing the steam on NFTs or a general downtrend in the market. OpenSea records 25% volume drop Ayon sa data from Dune Analytics, the largest Mga NFT marketplace recorded a monthly volume of $2.596 billion for Ethereum-based NFTs traded in May. This, however, represents about a 25.5% decrease from the previous record in April. imahe 125 OpenSeas Ethereum monthly volume has been dropping since the begining of the year. Starting in January, the volume declined for three consecutive months. The losing steak was broken in April, as the total NFTvolume traded was reported at $3.487 billion, a 28% increase from the record in March. These records can be related to the declining price of Ether (ETH), which is the primary cryptocurrency with which the NFTs are priced. ETH is down over 48% year-to-date, which reduces the overall USD value of the volume traded for the months. Besides ETH price, the monthly Ethereum active users