Ah, the world of NFTs, once a glittering bazaar of digital treasures, now resembles a ghost town in the dead of winter. Since the frosty days of December, when the trading volume was a robust $1.36 billion, it has plummeted like a lead balloon, landing at a mere $498 million by February. A staggering 63% drop! Who knew that digital art could lose its luster so quickly? 🎨💸
According to the latest revelations from DappRadar, the NFT market is gasping for breath, with February witnessing a 16% decline in sales. It’s almost as if the digital collectors have decided to take a long vacation, leaving their wallets behind. But fear not, dear reader! Some brave collections, like the Pudgy Penguins, waddled their way to a 25% increase in sales, even as prices took a nosedive. Talk about a comeback! 🐧💰
Meanwhile, in the land of artificial intelligence, the dApps are soaring to new heights, leaving NFTs in the dust. Kaito Genesis, an AI-powered NFT collection, has seen its floor price rocket to 7.65 Ethereum (ETH) after cozying up with Azuki. Who knew that AI could be so charming? 🤖✨
As if that weren’t enough, the report reveals that AI dApps are now the hottest ticket in the web3 carnival. February brought a flood of unique active wallets, with LOL attracting a whopping 5.1 million users—up 40%! Evermoon, on the other hand, grew by an astonishing 988%. It seems everyone wants a piece of the AI pie! 🥧📈
But let’s not forget the decentralized finance industry, which is also feeling the pinch. The total value locked (TVL) has shrunk from $217 billion to $168 billion in just a month. Ethereum’s TVL took a 27% dive, landing at $97 billion, thanks to a decline in liquid staking activity. Ouch! 😱
Solana (SOL) took the biggest hit, with its TVL shrinking by 33% to $15.4 billion. It appears that the once-bustling exchanges, Raydium (RAY) and Jupiter (JUP), have turned into quiet little libraries. 📚
Yet, amidst this chaos, Berachain (BERA) has managed to shine, boasting a TVL of $5.05 billion. And let’s not forget Aptos (APT), which saw a modest 6% increase in TVL to $1.83 billion. It seems some chains are still riding the wave while others are left floundering. 🌊
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2025-03-07 11:50