tldr; DeFi liquidity reached a record $270 billion in July, driven by tokenized stocks, which saw active wallets surge from 1,600 to over 90,000 and market cap rise 220%. However, user activity shifted to NFTs, with trading volumes increasing 96% to $530 million and average prices doubling to $105. Ethereum-based platforms like Blur and OpenSea led NFT activity, while major brands like Nike and Louis Vuitton explored NFT initiatives. Despite the rebound, NFT trading volumes remain below 2021 peaks, highlighting a slow market recovery.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
DryMyBottom on
so NFTs aren’t dead yet?
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tldr; DeFi liquidity reached a record $270 billion in July, driven by tokenized stocks, which saw active wallets surge from 1,600 to over 90,000 and market cap rise 220%. However, user activity shifted to NFTs, with trading volumes increasing 96% to $530 million and average prices doubling to $105. Ethereum-based platforms like Blur and OpenSea led NFT activity, while major brands like Nike and Louis Vuitton explored NFT initiatives. Despite the rebound, NFT trading volumes remain below 2021 peaks, highlighting a slow market recovery.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
so NFTs aren’t dead yet?