30% drop in the number of users of the world’s largest NFT market; Is the boom market for unique tokens over?

Last week, however, $ 1.3 billion in NFT tokens were traded in the OpenSea market; The data show that the number of daily active users of this platform has decreased by 30%.

To Report Kevin Telegraph ‌ Although at first glance the $ 1.3 billion sales of the open market last week is in line with the platform’s $ 5 billion sales in January, further analysis shows that The number of daily active users has decreased by 30%.

The important question now is whether this decrease in the number of active users will be a sign of a market downturn and falling prices, or does it indicate that investors have migrated to other NFT markets?

LooksRare, the closest competitor to OpenC (NFT‌), traded for $ 3.49 billion last week; But the fictitious trading debate has also reduced the number of active traders in the market by 3%.

Also read: ‌ Report: Increased use of NFTs in criminal activities

Several specific factors have contributed to the reduction in trading volume and the number of active traders in the open C market; Because although data is not always constant and changes, the NFT market is not very erratic!

Hip Prime in the first place

The NFT Hip Prime series, with its 8,200 3D monkeys, was successful and topped the total trading volume last week. The project, with sales of more than $ 13.6 billion, affected investors’ transactions, regardless of how good or bad its advertising was.

While other popular series such as Azuki and CloneX lost half their value last week, the Hip Prime series increased its weekly sales by 80%.

On January 31, the average daily price of Hip Prime was 9.17 Atrium, which has fallen by 55% since then. This raises the suspicion of the presence of traders to buy and sell members of this group. It is noteworthy that this complex has 6,000 unique owners.

Immediate event, Carafiuro’s growth factor

KaraFuru has maintained its average price of 4 atriums since it started operating on February 4. This small group of 5,555 members has 4,000 unique owners.

The owners of this collection seem to be hoping for an event on February 10; Because recently, the average daily sales price of this collection has experienced a slight increase.

With $ 44.8 million in sales, Carafiuro is one of the most promising projects in the NFT industry.

AirDrop behind AirDrop for CloneX holders

Last week, CloneX was the third best-selling project in the NFT markets. Currently, each avatar in this collection is priced at 10 atriums, or $ 31,000. The RTFKT‌ studio suite gives new NFTs to CloneX and Space Pod owners.

RTFKT thus gives these people MNTHL NFTs and Loot Pod NFTs as AirDrop. Currently, the minimum price of MNTHL is equal to 5 Atriums, which has been shaken by the news about the delay in launching an NFT with the Nike mark.

The current minimum value of MNLTH and Lottopod together is 6 Atrium equals $ 18,500; But this is just the beginning, and the owners of these NFTs, apart from this amount, have the opportunity to enter their ecosystem.

The peak of hyperbole

The HypeBears collection went on sale on February 3. The exclusive sale of this collection, which deprived the public of the possibility of public participation in the purchase process, disappointed many fans of this hybrid. The Hyperbus started selling at a not-so-cheap 0.4-atrium price of $ 1,240.

The relatively vague but convenient roadmap of the series, which gives users a 50% royalty, future government tokens, and access to other Blue Chip projects, was able to attract traders in this market.

Claiming to be based on Bluechip, Hayborgs has had sales of over $ 40 million since its launch on February 2nd. However, this high sales did not prevent us from seeing any vulnerabilities in its smart contract.

The highest average daily selling price of Hyperbus was 1.37 ether, and despite a drop of about 49% compared to this amount, Hyperborg was able to replace Azuki in the charts for a short time.

Decrease in market volume and average daily sales of Azuki

Since Azuki’s release on January 11, the series has traded over $ 313 million on the OpenC platform. Last week alone, Azuki traded up more than $ 33 million, although its average daily sales fell nearly 66 percent.

Despite the decline in average sales and Azuki market volume, the average selling price in the last month has grown significantly, ie about 40%. This indicates that there are collectors who are willing to pay exorbitant sums to acquire ownership of these anime-inspired NFTs.

The price charts of the OpenC platform show that the minimum price of Azuki has reached slightly below the desired level of 10 atriums. Meanwhile, on the Rear luxury platform, buyers are willing to pay for 11 Atriums to acquire the same NFT.

With the $ 3,000 discount that users of the Luxury Rare platform receive in their trading prizes, users of this NFT marketplace have a strong incentive to use the platform instead of OpenC.

Evidence suggests that new NFT‌ assemblies are also on the rise, and will soon find their place on the charts, leaving out the current flagships.

The Open C platform, which has maintained its profitability growth trend in the new year, is now faced with the question of whether the trend of increasing the value of trades will continue despite the sharp decline of traders present in this platform or not?