#Content Star#

🔴The root cause of the collapse of the NFT market🔴
1. [Reveal the shrinking NFT market from various dimensions of data]
1. The transaction volume (Volume), the number of transactions (Sales) and the number of active wallets (Wallets) all show a downward trend.
2. The value of blue-chip NFT series continues to plummet.
3. The amount of funds invested in the NFT market has decreased by 20%-40% month by month.
2. [Main reason]
1. The use of the "Bid for Airdrop" mechanism to stimulate liquidity on the demand side has very serious flaws in essence.
2. Most project parties have little or no experience in market value management.
3. Many NFT projects lack long-term intrinsic value. Therefore, in the case of market panic, the price is extremely fragile.
🔑The current NFT market is experiencing a decrease in traders, a decrease in trading activity, a shrinking investment, and a drop in prices.
The analysis of all dimensions jointly shows that the 👉NFT market is indeed facing stagnation or even shrinking.