Tag: nft stats

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Study: Bitcoin Ordinal NFT Sales Nosedive as Broader Market Cools 

August 18, 2023

The buzz surrounding Bitcoin’s leap into the NFT world via Ordinals might be fleeting. A Dappradar study reveals that trading actions and sales figures for Bitcoin Ordinals have plummeted by a staggering 97% since their May 2023 zenith. This downturn mirrors a wider slowdown in the NFT sector. However, the slump in Bitcoin Ordinals is…
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WSJ says ‘the NFT market is collapsing’ but the data says otherwise

May 4, 2022

An article by the WSJ suggesting the non-fungible token (NFT) market is “collapsing” doesn’t show the full picture as contrasting analysis reveal a consolidation is instead taking place. An article in the Wall Street Journal has claimed sales of non-fungible tokens (NFTs) are “flatlining” — in the same week that the top five collections alone…
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