Report: 96% of NFTs are considered "dead," and over 43% of NFT holders are in a state of loss

ChainCatcher news, nftevening.com latest report shows that the NFT market is facing a serious crisis, with 96% of NFTs considered "dead," meaning these tokens have almost no trading volume, extremely low sales over 7 days, and virtually no presence on social media.

The report analyzed over 5,000 NFTs and 5 million transactions, revealing a high loss rate faced by investors, with more than 43% of holders having incurred losses, and the average return on investment decreasing by 44.5%. The average lifespan of an NFT is only 1.14 years, significantly shorter than traditional crypto asset projects. While other areas of the crypto space have seen growth during the 2024 bull market, the NFT market continues to decline. Nevertheless, the total sales of NFTs still reached $66.128 billion.