OpenSea has witnessed a 99 percent drop in volumes in the past 90 days from its record high as fears about a potential market bubble grow.
Notably, on August 28, the world's largest NFT marketplace processed nearly $5 million in NFT transactions, which is 99 percent less than its record high of $405.75 million on May 1.
The drops in daily volumes corresponded with equally precipitous drops in OpenSea users and transactions, implying that the value and interest in these blockchain-based collectibles have waned in recent months.
This is reflected in falling floor prices, such as Bored Ape Yacht Club, which fell by 53 percent to 72.5 ETH on August 28 from a high of 153.7 ETH on May 1.
Similarly, the floor price of CryptoPunks, another popular NFT collection, has fallen nearly 20% from its July high of 83.72 ETH.


France's 2025 Budget Deficit Shrinks More Than Expected, Easing Fiscal Pressure
Henkel in Advanced Talks to Acquire Olaplex at $2 Per Share
NASDAQ Tech Selloff: Correction or Collapse? What Analysts Are Saying
Meta and Google just lost a landmark social media addiction case. A tech law expert explains the fallout
Cyberattack on Stryker Triggers U.S. Government Warning Over Microsoft Intune Security
Oil Prices Surge Past $100 as U.S.-Iran Peace Hopes Collapse
Nanya Technology Shares Surge 10% After $2.5 Billion Private Placement from Sandisk and Cisco
SK Hynix Eyes Up to $14 Billion U.S. IPO to Fund AI Chip Expansion
Bank of Japan Unveils New Inflation Gauge to Support Case for Future Rate Hikes
Gold Prices Rise Amid Geopolitical Tensions and Safe Haven Demand
Cybersecurity Stocks Tumble After Anthropic's Claude Mythos AI Leak Sparks Market Fears
SMIC Allegedly Supplies Chipmaking Tools to Iran's Military, U.S. Officials Warn
Meta Ties Executive Pay to Aggressive Stock Price Targets in Major Retention Push
Trump White House Unveils National AI Policy Framework for Congress
Gold is meant to be a ‘safe haven’ in uncertain times. Why is it crashing amid a war?
EU and CPTPP Nations Push for Landmark Digital Trade Agreement 



