{"id":564865,"date":"2023-03-17T07:37:02","date_gmt":"2023-03-17T04:37:02","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/svb-collapse-chilled-nft-trading-volumes-dappradar\/"},"modified":"2023-03-17T07:37:02","modified_gmt":"2023-03-17T04:37:02","slug":"svb-collapse-chilled-nft-trading-volumes-dappradar","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/svb-collapse-chilled-nft-trading-volumes-dappradar\/","title":{"rendered":"# SVB collapse chilled NFT trading volumes: DappRadar"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 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-6a2623352a032\" 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-6a2623352a032\" 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\/svb-collapse-chilled-nft-trading-volumes-dappradar\/#%E2%80%9D_SVB_collapse_chilled_NFT_trading_volumes_DappRadar_%E2%80%9C\" >&#8221; SVB collapse chilled NFT trading volumes: DappRadar &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_SVB_collapse_chilled_NFT_trading_volumes_DappRadar_%E2%80%9C\"><\/span>&#8221; SVB collapse chilled NFT trading volumes: DappRadar &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div class=\"post-content\" data-v-48054ca8>Nonfungible token (NFT) trading volumes took a massive beating following the collapse of Silicon Valley Bank (SVB) last week as traders fled the markets fearing the repercussions of a major United States bank going under.<\/p>\n<p>According to a March 16 <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/dappradar.com\/blog\/the-evolution-of-the-dapp-industry-in-response-to-americas-banking-turmoil#Chapter-3\">report<\/a> from data aggregation platform 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, NFT trading volumes were hovering between $68 million to $74 million in the lead-up to SVB\u2019s collapse on March 10, then fell to $36 million on March 12.<\/p>\n<p>The dip was accompanied by a 27.9% drop in daily NFT sales count between March 9 to March 11.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2023-03\/37be1878-d873-402c-8a0f-188cd3c16dea.jpg\"><figcaption style=\"text-align: center;\"><em>NFT trading volume and sales count on all networks between March 1-13. Source: <\/em><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/dappradar.com\/blog\/the-evolution-of-the-dapp-industry-in-response-to-americas-banking-turmoil#Chapter-3\"><em>DappRadar<\/em><\/a><\/figcaption><\/figure>\n<p>11,440 NFT traders were \u201cactive\u201d on March 11 also, the lowest figure recorded since November 2021 according to DappRadar.<\/p>\n<p>The report explained the depeg of USD Coin (USDC) which hit as low as $0.88 moved trader attention away from the NFT market:<\/p>\n<p>As a result \u201cNFT traders became less active,\u201d Dappradar explained.<\/p>\n<p>Despite the trading chills the market value of \u201cblue chip\u201d NFTs was not materially impacted, with the floor prices of collections such as the Bored Apes Yacht Club (BAYC) and CryptoPunks only slightly falling.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2023-03\/dbf12646-525c-461a-929e-61ea7887ce8f.jpg\"><figcaption style=\"text-align: center;\"><em>The floor price of BAYC NFTs fell 2% from 68.4 Ether <\/em><em>(ETH)<\/em><em> to 67 ETH since the SVB collapse. Source: <\/em><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/opensea.io\/collection\/boredapeyachtclub\/analytics\"><em>OpenSea<\/em><\/a><\/figcaption><\/figure>\n<p>\u201cThe recovery was quick, showing the resilience of these top-tier NFTs,\u201d DappRadar said. \u201cBlue-Chip NFTs remain a steady investment in a disrupted market.\u201d <\/p>\n<p>The steady floor prices of the BAYC and CryptoPunks may be attributed to the firm behind the collections, Yuga Labs, confirming it only had a \u201csuper limited exposure\u201d to SVB, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/BoredApeGazette\/status\/1634333195528273922\">according<\/a> to co-founder Greg Solano.<\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>74% of survey participants say they buy NFTs for status<\/em><\/strong><\/p>\n<p>However, the floor price of the Moonbirds collection fell a significant 35.3% from 6.18 ETH to 4 ETH on OpenSea, following the <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a> that PROOF \u2014 the team behind the NFTs \u2014 had considerable <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/proof_xyz\/status\/1634297228692160512?s=20\">exposure<\/a> to SVB. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2023-03\/b8ebec61-9a30-45de-820c-876b9d5a85af.jpg\"><figcaption style=\"text-align: center;\"><em>The floor price of Moonbird since the SVB collapse. Source: <\/em><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/opensea.io\/collection\/proof-moonbirds\/analytics\"><em>OpenSea<\/em><\/a><\/figcaption><\/figure>\n<p>This was partially triggered by one Ethereum address selling off almost 500 Moonbirds NFTs for losses ranging between 9% to 33%, DappRadar explained. <\/p>\n<p>The sell-offs on the NFT marketplace Blur totaled a loss of 700 Ether (ETH).<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"nifty_newsletter\"><\/template><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\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\/svb-collapse-chilled-nft-trading-volumes-dappradar\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; SVB collapse chilled NFT trading volumes: DappRadar &#8220; Nonfungible token (NFT) trading volumes took a massive beating following the collapse of Silicon Valley Bank (SVB) last week as traders fled the markets fearing the repercussions of a major United States bank going under. According to a March 16 report from data aggregation platform DappRadar,&#8230;<\/p>\n","protected":false},"author":1,"featured_media":564866,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/cdn-cgi\/image\/format=auto,onerror=redirect,quality=90,width=1200\/https:\/\/s3.cointelegraph.com\/uploads\/2023-03\/4995e44e-2f87-43e0-a387-3ea48c0ba20f.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74863,74891,95118,75493,141269,82350,74355,71939,86389,71407],"class_list":["post-564865","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-cryptocurrencies","tag-ethereum","tag-nft","tag-stablecoin","tag-svb","tag-usd-coin","tag-adoption","tag-banks","tag-marketplace","tag-trading"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/564865","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=564865"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/564865\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/564866"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=564865"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=564865"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=564865"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}