Data: The average number of NFT traders on the Ethereum chain has fallen below 4,000 for the first time since June 2021

ChainCatcher news, according to TheBlock, since January, the monthly trading volume of the NFT market on Ethereum has been declining. Even in January, the trading volume pales in comparison to the tens of billions of dollars traded monthly during the 2021/2022 bull market. In May, the trading volume did not even exceed $500 million.

Additionally, data shows that the average daily number of traders for NFTs on the Ethereum chain has fallen below 4,000 for the first time since June 2021. In February 2022, this metric peaked at over 80,000 and has been declining since then. Although the number of users remained stable from June 2023 to February 2024, it has since begun to decline slowly.