With solely about 12,000 ethereum NFT merchants lively this Saturday, the business clocked its slowest day when it comes to lively merchants for the reason that fourth quarter of 2021, in response to knowledge from DappRadar. The variety of merchants was down from round 30,000 to 40,000, the place it remained for many of February.
The amount of complete NFT trades additionally reached its lowest day thus far this yr, DappRadar stated.
The drop got here on the heels of final week’s bulletins that Silicon Valley Financial institution had collapsed whereas crypto-friendly financial institution Silvergate stated it could “wind down” operations.
- Buying and selling wasn’t down throughout the board, nonetheless. Over the last week Polygon gross sales volumes spiked by greater than 60%, in response to CryptoSlam!. Mid-month Polygon buying and selling is on tempo to equal February’s robust exhibiting of greater than $30 million in buying and selling quantity. It has been eight months since Polygon’s scored the next month of buying and selling in greenback phrases.
- The biggest NFT sale of the week was a set of 9 Qing Dynasty plates, which offered for 366,000, in response to CryptoSlam!.
- Blue chip collections nabbed the very best gross sales volumes with Yuga Labs’ Bored Ape, Sewer Cross and Mutant Ape NFT collections making up the top-three best-selling collections after racking up greater than $20 million in mixed buying and selling quantity.