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NFT trading volume dropped by 50% since April 2024 learn more: NFTPulse.org + ournetwork.xyz/p/on-255-nft-marketplaces
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Main reason being Blast / (Blur) Airdrop around that time?
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could be — i believe there're multiple reasons. ON newsletter on NFT marketplaces touches on some of them (link above). Blur is consistently driving a significant amount of volume (~50-60%) and has an undeniable influence in the space.
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