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NFT Market Shrinks in Q2 as Traders Grow Scarce

The latest DappRadar report reveals that the NFT market is still struggling, with a 38% drop in trading volume and a 9.2% decrease in sales from Q1 to Q2. The number of unique buyers and sellers in the NFT market has also significantly declined.

However, Bitcoin Ordinals saw a 2834% increase in trading volume in Q2, with a surge in all-time trades and unique traders.

The NFT market's sustained contraction raises questions about its future, but trajectories in this industry are rarely straightforward.

Bitcoin Bitcoin $94,392.64
-3.74%
Bitcoin Ordinals
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