Number of NFT Marketplace users and transactions at lowest level since July 2021: Data | coindesk JAPAN | Coindesk Japan

The NFT marketplace saw a decline in the number of users and transactions per day last week, hitting its lowest level since July 2021, according to data from analytics platform Dune.

According to the Dune dashboard compiled by NFT researcher SeaLaunch, the number of daily users for major NFT marketplaces, including OpenSea, Blur and LooksRare, has remained consistent over the past seven days. The number has been declining since then, dropping to 7,805 on April 19. This number is the lowest since July 31, 2021 when a record 7,455 people were recorded.

The number of transactions declined as well, recording 16,149 on the 19th. It was the first number since 12,910 on November 9, 2021.

Both Opensea and Blue have seen significant declines in users and transactions. According to another dashboard compiled by SeaLaunch, Blur had 5,688 transactions on the 20th. It was the lowest number in the past 90 days. The number of users per day has also decreased, and on the 19th it was 1777, the lowest in the past 90 days.

there’s been an incredible drop off in unique NFT buyers/sellers in the last week

less than 10k wallets now on all platforms

(h/t @SeaLaunch_ ) pic.twitter.com/pkem6v8rOe

— Giancarlo (@GiancarloChaux) April 20, 2023

OpenSea also saw a sharp drop in daily users over the past week, hitting 10,640 on April 18, according to a dashboard compiled by researcher Hildobby. Since July 2021, the number has never fallen below 10,000.

.@opensea trader count down to pre summer 2021 NFT Boom numbers

source: https://t.co/U86o9tvpGF pic.twitter.com/vbIREIMZIO

— hildobby (@hildobby_) April 20, 2023

“Daily users are effectively at historically low levels for both marketplaces,” SeaLaunch told CoinDesk.

I don’t know why the number of users and transactions is decreasing. SeaLaunch told CoinDesk that a “macro scenario” likely influenced trading patterns, as activity across the marketplace and users, from professional traders to casual users, declined noticeably. He cited “high gasoline prices” and “liquidity problems during tax season” as possible causes.

“Other scenarios may also be to blame. For example, many traders who were actively looking for airdrops on Blur cut back on their trades, reducing liquidity, and memetic coins like PEPE could cause this. It’s been a hot topic for a few days.” (SeaLaunch)

1/ Why is the Ethereum NFT Market decaying in terms of users?

Last few days were one of the worst in terms of users and sales on most NFT Marketplaces in the last 365D.

Source: https://t.co/wHKVRo4Cll@DuneAnalytics pic.twitter.com/ZJI4X72QFI

— sealaunch.xyz (@SeaLaunch_) April 20, 2023

Hildobby expressed a similar opinion.

“I think it’s a combination of factors, but the biggest one is that there hasn’t been much fun happening with NFTs lately, and the rapidly rising transaction fees haven’t helped.”

Opensea and Blue have not yet responded to requests for comment.

Not all indicators are pessimistic. Ethereum (ETH) trading volumes have remained relatively stable over the past 30 days, according to Dune.

｜Translation: coindesk JAPAN
｜Editing: Takayuki Masuda
｜Image: Shutterstock
｜Original: NFT Marketplaces Sales, Users Drop to Lows Not Seen Since 2021, Dune Data Shows