DappRadar reports SVB Fall broke NFT Trading Volumes
The day after Silicon Valley Bank went bankrupt, the number of active NFT traders dropped to its lowest level since November 2021.
DappRadar showed that there were only 12,000 active NFT traders last Saturday, which was the day after the Federal Deposit Insurance Corp. took over Silicon Valley Bank. This was the lowest number of active NFT traders since November 2021. On that day, there were 33,112 single NFT trades, which is the lowest number for a single day so far this year.