Even though NFT activity is booming, there has been a dramatic 90% decrease in the downloads of NFT marketplace apps.

Although the rate of downloads for NFT marketplace apps is decreasing, active trading of NFTs, along with transaction volumes, is on an upward trajectory. Recently, Chainalysis, a blockchain data analytics firm, shared relevant findings. report They noted that NFT transaction activity is showing signs of stabilization in 2022, following explosive growth in 2021.

Data indicates a gradual increase in NFT transaction volume throughout the year; however, this growth has had its ups and downs since 2021.

Apptopia statistics Recent statistics show that the number of new downloads for the VeVe NFT marketplace has dropped by a staggering 99% since its peak in November 2021. Previously, the app generated over $1 million daily, but daily sales have now fallen below $130,000 in 2022. VeVe focuses on eco-friendly NFT collections and has worked with numerous famous brands like Pixar, Marvel, DC, and Star Wars. Currently, they are developing a captivating metaverse experience called the 'VeVeVerse' for creators and collectors.

OpenSea Although OpenSea broke sales records last weekend, Apptopia reported a significant slump in new installs, seeing a 94% drop since its peak in January — a decrease from 180,000 downloads to around 20,000. It is estimated that the OpenSea app has been downloaded a total of 6.6 million times.

Nonetheless, the weekly count of active NFT collections on the platform continues to rise steadily, achieving a peak of over 5,000 by mid-April.

The top 50 most-used cryptocurrency Overall app downloads have decreased by 64%, yet the number of monthly active users has remained robust, not dipping below 6.5%.

In other news from the NFT marketplace scene, the emerging platform Zora has recently secured $50 million in a funding round led by Haun Ventures, bringing its total valuation to $600 million. raised Delve deep into the various NFT marketplaces available on the Ethereum blockchain.

Here is the list of best Solana NFT marketplaces that you should know about.

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