{"id":460110,"date":"2022-06-09T19:01:27","date_gmt":"2022-06-09T16:01:27","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/despite-what-you-heard-nft-market-is-far-from-dead-dappradar\/"},"modified":"2022-06-09T19:01:27","modified_gmt":"2022-06-09T16:01:27","slug":"despite-what-you-heard-nft-market-is-far-from-dead-dappradar","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/despite-what-you-heard-nft-market-is-far-from-dead-dappradar\/","title":{"rendered":"# Despite what you heard, NFT market is far from dead: DappRadar"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3cd16f8cc78\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3cd16f8cc78\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/despite-what-you-heard-nft-market-is-far-from-dead-dappradar\/#%E2%80%9D_Despite_what_you_heard_NFT_market_is_far_from_dead_DappRadar_%E2%80%9C\" >&#8221; Despite what you heard, NFT market is far from dead: DappRadar  &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Despite_what_you_heard_NFT_market_is_far_from_dead_DappRadar_%E2%80%9C\"><\/span>&#8221; Despite what you heard, NFT market is far from dead: DappRadar  &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div class=\"post-content\" data-v-2a0745c6>The market for nonfungible tokens, or NFTs, has slowed from its peak, but that doesn\u2019t mean the industry is dead \u2014 far from it, actually.\u00a0<\/p>\n<p>NFT sales volumes came in at a healthy $3.7 billion in May, according to D<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>Radar\u2019s latest Industry Report, which was released on Wednesday. While volumes were down 20% compared with April, industry activity remains robust considering that crypto assets as a whole are in a bear market. <\/p>\n<p>DappRadar also highlighted the fact that marketplace volumes aren\u2019t down nearly as much when measured in their native tokens such as Ether (ETH). Case in point: OpenSea, the largest NFT marketplace, generated 950,000 ETH in trading volume last month, which was down only 6.5% compared with April. When measured in United States dollars, OpenSea\u2019s monthly volumes decreased by 25%. <\/p>\n<p>Meanwhile, Solana NFTs posted their best trading month, generating $335 million in volume across all marketplaces for an increase of 13% compared with April.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-06\/b606791f-7b03-4bd8-a3a9-4645684abbd1.png\"><figcaption style=\"text-align: center;\"><em>While NFT sales and trading volume are down from their peak, industry activity remains robust. Source: DappRadar.<\/em><\/figcaption><\/figure>\n<p>DappRadar\u2019s report cited NFT collections such as Moonbirds and Solana\u2019s Okay Bears as being the biggest catalysts for the industry\u2019s solid performance in May. Meanwhile, the\u00a0free-to-mint NFT collection Goblintown has generated $31 million in sales since launching on May 22. The high demand pushed the project\u2019s floor price from zero to 6 ETH at the time of publication.<\/p>\n<p>However, the <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a> wasn\u2019t all positive, as so-called \u201cblue-chip\u201d collections such as Bored Ape Yacht Club (BAYC) saw their value decline sharply as buyers shifted to the newly hyped collections. The floor price for BAYC declined 38% in May, falling from 150 ETH to 93 ETH, according to DappRadar. <\/p>\n<p><strong><em>Related: Nifty News: <\/em><\/strong><strong><em>Robinhood to launch a Web3 wallet, LimeWire inks deal with Universal, and more<\/em><\/strong><\/p>\n<p>Although NFTs are not immune to crypto market volatility, the industry appears to be carving out a strong niche \u2014 and gaining mainstream adoption in the process. According to a recent report by crypto data aggregator CoinGecko, the NFT market is projected to move more than $800 billion over the next two years. <\/p>\n<p><template data-name=\"subscription_form\" data-type=\"nifty_newsletter\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/despite-what-you-heard-nft-market-is-far-from-dead-dappradar\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Despite what you heard, NFT market is far from dead: DappRadar &#8220; The market for nonfungible tokens, or NFTs, has slowed from its peak, but that doesn\u2019t mean the industry is dead \u2014 far from it, actually.\u00a0 NFT sales volumes came in at a healthy $3.7 billion in May, according to DappRadar\u2019s latest Industry&#8230;<\/p>\n","protected":false},"author":1,"featured_media":460111,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDYvNGM1OWU2NmYtYTYwMC00NjQ0LWIwY2QtZDRmNDMyOWZhMTVjLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[77892,95118,75566,61514],"class_list":["post-460110","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-crypto-collectibles","tag-nft","tag-report","tag-research"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/460110","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=460110"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/460110\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/460111"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=460110"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=460110"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=460110"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}