We use cookies to improve your experience and analyze site traffic. By clicking "Accept," you consent to our use of cookies. Read our Privacy Policy and Cookie Policy.
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
The technical storage or access that is used exclusively for statistical purposes.
The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
$63.3M weekly volume for the ENTIRE nft market. one blue chip collection used to do that in a day in 2021. brutal
The one blue chip comp is the killer stat. A single collection did multiples of that weekly figure at the 2021 peak. Perspective lands hard.
63 million weekly volume for the entire NFT market is brutal. some weeks in 2021 did 100x that
44.7 percent in one week is capitulation energy. the flush might actually be healthy for whats left
healthy for the 200 collectors left holding. everyone else already marked it to zero and moved on
2021 comps hurt to read. that volume is never coming back, the flush already happened, whats left is the actual collector base
Down 44.7 percent in a week and they still call it a slowdown. Call it what it is, the exit liquidity finally ran out.
^ distinction without a difference my guy, either way the floors are gone
exit liquidity ran out in 2022 tbh, this week is just the remaining 200 collectors finally noticing
63.3M across every marketplace combined. the royalty cuts probably chased out half the market makers who used to fake that volume too tbh
so the honest number is 63.3M and the fake one was the 2021 print. the flush didnt kill the market, it killed the mirage
the wash trading point is underrated. a chunk of 2021 volume was self dealing for airdrops, the real decline is smaller than the 44 percent headline
wash trading haircut is fair but even cutting 2021 volume in half, real activity still fell off a cliff. the direction matters more than the exact print
44.7 percent week over week and 63.3M total. blur alone was doing 100M days during the 2022 rewards farming. whole sector is a long tail now
blur reward farming volume was never demand, those were point farmers chasing an airdrop. comparing it to the 63m week is measuring two different markets
63.3M weekly with royalties near zero means creators got hit twice, once on volume and once on take. The collector base shrank less than the revenue did.
royalties near zero on a 63M week means the surviving creators are basically working for free. the volume number isnt even the saddest stat in this report
royalties near zero also kills the artists get paid onchain pitch that sold a generation on this. volume was bad, the take got worse
working for free is right, royalties went to zero right as volume halved. two punches, no creator survives that without a day job
two punches is generous, royalties at zero also cleared out the airdrop farmers who faked half the trades. one policy change removed three groups at once
63.3M weekly is 2017 levels. the flush removing wash volume and dead collections is ugly, but at least the number is finally honest
44.7 percent down in a week and the biggest marketplace story is still royalty policy. volume was the symptom, the take rate collapse was the disease
the take rate collapse was self inflicted too, marketplaces raced each other to zero as a customer acquisition play. disease and cure shipped from the same office
volume down 44 percent, royalties near zero, and marketplaces still ship fee wars instead of tools for the few hundred collectors left standing. priorities are wild
fee wars because there is nothing left to build tools for. a few hundred collectors dont need portfolio dashboards, they need an exit