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NFT Sales Plummet to 16-Month Low After FTX Blowup

Weeks after the exchange’s collapse, NFT volumes have plummeted to a 16-month low.

  • According to data provided by Dappradar, NFT trading activity hasn’t seen such lows since July 2021, when OpenSea – the world’s largest NFT marketplace – was the only major trading venue in town. 
  • Volumes soared close to $4 billion in the following month, with most volume still driven by OpenSea. 
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