Bored Ape NFT Token Almost Lost its Value

NFT

The trading volume of NFT slipped by almost 97% from the beginning of 2022. The data was collected from the leading Non-fungible token trading platforms like OpenSea, NFTX, Larvalabs, LooksRare, SuperRare, Rarible, and Foundation.

Trading Volume

As per the Bloomberg report, Dune Analytics showed that the trading volume for NFTs dropped from $17 Billion to just $466 Million in the last nine months. It indicates a precipitous 97% drop in this year.

The data follows from earlier reports this month that OpenSea, currently the largest NFT trading platform by volume, noted the sales drop 75% compared to just two months prior.

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