The NFT Market Has Dropped So Much That Ethereum Fees Are Back To 2020 Levels

For smart contract-enabled blockchains, decentralized finance (DeFi) and non-fungible tokens (NFTs) have been the driving force of the past couple of years. In 2021 alone, each of these segments of the cryptocurrency market grew by an order of magnitude: DeFi to $180 billion, and NFT to $25 billion. However, the crisis of the current year has led to a large-scale exit of investors not only from the financial, but also the cultural sector. The daily turnover of NFT decreased to the figures of June last year: 16 thousand tokens and $13 million.

Michael Cooper

Learn More →