![]() According to CryptoSlam, All Day has only amassed about $769,000 in marketplace trades so far in December.ĭapper Labs, the original creator of Flow and core contributor to the decentralized network, recently held significant layoffs amid the declining NFT market and so-called crypto winter. It notched a record $14.3 million in trading volume in September, but then fell to nearly $6.7 million in October and $3.6 million in November. NFL All Day, Flow’s more recent sports NFT platform, has seen similar declines in recent months. Top Shot notched $224 million worth of trading volume in February 2021 and nearly as much the following month, but prices fell sharply soon after as the initial NFT buzz died down. NBA Top Shot had its heyday in early 2021, as the platform was inundated with users when NFTs first found a broad audience outside of the crypto world. Transaction and unique buyer counts have fallen as well. That’s down from about $2.7 million in October, $4.7 million in September, and $7 million in August. Trading so far in December is trending below last month’s figure.Ī closer look at individual projects echoes the recent declines, with NBA Top Shot notching its worst month in nearly two years with under $2.1 million worth of marketplace trading in November, per CryptoSlam. Īccording to data from DappRadar, NFT trading volume on the Flow blockchain fell from nearly $39 million in September to about $15.6 million in October, and then again to about $7.7 million in November. ![]() Both Bitcoin and Ethereum are down about 75% from their respective all-time highs.įlow’s accelerated decline recently comes amid collapsing NFT trading volume on the network, with sharp month-over-month drops in network trading and declining activity on Dapper’s flagship platforms NBA Top Shot and NFL All Day. ![]() Overall, Flow has fallen 98% in price since peaking above $42 per coin in April 2021, just as the initial NBA Top Shot hype cycle was starting to fade. Bitcoin is up nearly 5% in the last month, while Ethereum has risen about 3% during the same span. That’s a marked contrast to the largest cryptocurrencies by market cap, Bitcoin and Ethereum, which have each posted gains in recent weeks.
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