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Nansen data: The number of old NFT players fell by more than 40% from the high point in a single day

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From a macro perspective, the overall interest and activity of the market in the NFT field remains unabated.

Original author: Nansen analyst Martin

Original compilation: 0x214, BlockBeats

The NFT market has been performing poorly since the beginning of the year. Nansen analyzed the NFT market trend and believes that: The price of NFT shows a horizontal trend, and the market supply and demand forces are equal. The value of community belonging and cultural identity of NFT is higher than practical value. Overall market interest in the sector remains higher than most periods in 2021. BlockBeats organizes and translates it as follows:

(This article only contains data on the ETH chain, The data comes from the blockchain data analysis platform Nansen)

The price of NFT has fallen sharply since the beginning of the year, but Horizontal trend last week

Most Nansen NFT indices are down from January 2022 to date trend. The drop rate of u standard is 60-90%, and the drop rate of currency standard is 10-76%.

(Nansen NFT index portfolio includes: NFT-500, Blue Chip-10, Social-100, Gaming-50, Art-20, Metaverse-20, etc.)

The best of them all The index is "Nansen Social-100 Index", which is composed of well-known blue-chip NFT projects, including BAYC, Pudgy Penguins, Azuki, Moonbirds and Doodles.

Weekly NFT trading volumes were mostly flat

However, the past three Zhou's weekly trading volume showed a slight growth trend, about 75,600 ETH. As of September 5, sudoswap's weekly trading volume was about 4,500 ETH, accounting for 6%, an increase of 23%.

OpenSea, LooksRare, x2y2 weekly volume fluctuations are not significant. The total amount of NFT minted rose by 20%.

The number of NFT weekly transactions and the number of weekly users fluctuate steadily

In When the data of most NFT trading platforms showed a downward trend or remained unchanged, the number of x2y2 users and the number of transactions increased by 19% and 21%, respectively.

The number of sudoswap users and the number of transactions decreased by 33% and 23%.

The number of NFT single-day old players in 2022 is almost higher than all the data for the same period in 2021

On December 17, 2021, the number of NFT single-day veteran players reached a peak of 48,485 that year, while the current number of single-day veteran players in the market is 47,769.

From 2021 to 2022, the number of new NFT players in a single day will remain within a certain range. .

(BlockBeats Note: From the picture above , The number of old players in a single day in June 2022 once exceeded 80,000, but the current number of old players in a single day in the market is only 47,769, a drop of more than 40% from the high point.)

The market’s interest in a few projects has not diminished

In the past few In March, the weekly activity of NFT projects with a sales volume of 10,000 and 100,000 has been showing a horizontal trend. The most significant weekly activity declines occurred in NFT projects with sales volumes of 100 and 1,000, with declines of 30% and 50%, respectively.

My personal opinion

NFT project community belonging, cultural identity attributes , and the consensus that has become a mainstream project is higher than any form of practical value. As crypto KOL Cobie puts it, the only truly scarce resource is attention. No attention = no value, and community = attention.

From a more macro perspective, the market’s overall interest and activity in the NFT field Still showing an upward trend.

In the market turmoil, apart from the enthusiasm and interest in a few well-known NFT blue-chip projects, The liquidity and market interest of almost all other NFTs have suffered a huge blow.

However, there are also projects such as DigiDaigaku that buck the trend and seek opportunities, which can be called the light of the bear market. The floor price of many NFT projects in the social-100 index increased by more than 10% on the 7th.