Try Quests to earn cryptoARBITRUM NFT SALES M-on-M Analysis
According to Cointelegraph, NFT sales dropped from $1 billion to $624 million in May. So I decided to delve into Arbitrum's performance. Despite a 24.3% drop, it wasn't the worst-performing chain. You might ask, what caused the drop? Market saturation, changing investor sentiment, and broader economic uncertainties could all be factors in this decline. Let's dive into the details of Arbitrum's performance: Seller's Growth Rate: -16.2% Sales Volume: -24.3% Creator's Fee: -34.3% Total Fees Growth Rate: -36.4% These figures indicate that while Arbitrum faced challenges, it still maintained a significant presence in the market. The decrease in seller growth and creator fees suggests a shift in how creators and sellers are engaging with the platform, potentially due to the broader market conditions. Please like, share and Comment on my Post: https://x.com/EmmanuelNwone