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Recent 30% Decline in NFT Buyers: A Deep Dive Analysis

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Recent 30% Decline in NFT Buyers: A Deep Dive Analysis

Hello everyone,

Over the past month, the NFT market has witnessed significant shifts. Most notably, the number of NFT buyers has sharply declined by over 30% across major chains. I recently shared a thread on Twitter that breaks down the data behind this trend using insights from u/flipsidecrypto.

A few highlights:

- Most blockchains observed a reduction in NFT buyers. However, u/flow_blockchain emerges as an outlier, seeing a boost in its buyer base. Kudos to u/NFLALLDAY and u/HotWheelsGame NFTs for driving this growth!

- On the u/solana side, the numbers are not as rosy. Most marketplaces like u/hyperspacexyz, u/coralcubenft, and u/tensor_hq have reported notable declines. In fact, Solana's weekly NFT buyers took a hit, dwindling from 40K to just 15K within the span of a month.

To grasp the broader context and for a more in-depth look, check out the full Twitter thread here: https://twitter.com/jackthepine/status/1696961583769850331

the comprehensive u/flipsidecrypto dashboard here:
https://flipsidecrypto.xyz/jackguy/tensor-mega-dashboard-BhnwNM

The NFT landscape is constantly evolving, and while fluctuations are expected, staying informed is crucial. Let's keep the conversation going and share your thoughts below!

https://preview.redd.it/c1kuem6gwalb1.png?1024&format=png&auto=webp&s=bf0244ec3b8cc2564874c3966834accda8c05f13

submitted by /u/MTG-oracle
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