PROOF's Research Director NFTstats.eth has posted on Platform X (formerly Twitter), stating that on August 27th, the daily trading volume of NFTs on major NFT trading platforms dropped below 5000 ETH for the first time in nearly two years.
According to data visualized by NFTstats.eth, it's evident that the trading volumes on several prominent NFT trading platforms have been consistently contracting. In comparison to the peak earlier in the year, with a daily trading volume exceeding 80,000 ETH, the maximum daily trading volume has plummeted by over 90%.