• bitcoinBitcoin (BTC) $ 112,870.00
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  • xrpXRP (XRP) $ 2.49
  • solanaSolana (SOL) $ 199.83
  • usd-coinUSDC (USDC) $ 0.999905
  • staked-etherLido Staked Ether (STETH) $ 4,107.41
  • dogecoinDogecoin (DOGE) $ 0.203615
  • tronTRON (TRX) $ 0.316043
  • cardanoCardano (ADA) $ 0.694704
  • wrapped-stethWrapped stETH (WSTETH) $ 4,994.36
  • wrapped-beacon-ethWrapped Beacon ETH (WBETH) $ 4,423.01
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 112,787.00
  • chainlinkChainlink (LINK) $ 18.96
  • figure-helocFigure Heloc (FIGR_HELOC) $ 0.991161
  • ethena-usdeEthena USDe (USDE) $ 0.999757
  • wrapped-eethWrapped eETH (WEETH) $ 4,434.34
  • stellarStellar (XLM) $ 0.334553
  • bitcoin-cashBitcoin Cash (BCH) $ 535.17
  • hyperliquidHyperliquid (HYPE) $ 39.30
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  • avalanche-2Avalanche (AVAX) $ 22.69
  • wethWETH (WETH) $ 4,108.27
  • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 0.999935
  • leo-tokenLEO Token (LEO) $ 9.63
  • usdsUSDS (USDS) $ 0.999815
  • hedera-hashgraphHedera (HBAR) $ 0.186121
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 112,845.00
  • litecoinLitecoin (LTC) $ 97.70
  • usdt0USDT0 (USDT0) $ 1.00
  • mantleMantle (MNT) $ 2.00
  • shiba-inuShiba Inu (SHIB) $ 0.000011
  • whitebitWhiteBIT Coin (WBT) $ 42.90
  • the-open-networkToncoin (TON) $ 2.29
  • ethena-staked-usdeEthena Staked USDe (SUSDE) $ 1.20
  • crypto-com-chainCronos (CRO) $ 0.163047
  • moneroMonero (XMR) $ 308.22
  • polkadotPolkadot (DOT) $ 3.24
  • daiDai (DAI) $ 0.997853
  • bittensorBittensor (TAO) $ 454.06
  • uniswapUniswap (UNI) $ 6.76
  • world-liberty-financialWorld Liberty Financial (WLFI) $ 0.144259
  • zcashZcash (ZEC) $ 239.50
  • aaveAave (AAVE) $ 252.67
  • okbOKB (OKB) $ 179.99
  • memecoreMemeCore (M) $ 2.03
  • bitget-tokenBitget Token (BGB) $ 4.85
  • pepePepe (PEPE) $ 0.000007
  • ethenaEthena (ENA) $ 0.434852
  • nearNEAR Protocol (NEAR) $ 2.45
  • aster-2Aster (ASTER) $ 1.47
  • jito-staked-solJito Staked SOL (JITOSOL) $ 247.40
  • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
  • usd1-wlfiUSD1 (USD1) $ 0.999755
  • susdssUSDS (SUSDS) $ 1.07
  • aptosAptos (APT) $ 3.67
  • ethereum-classicEthereum Classic (ETC) $ 16.88
  • paypal-usdPayPal USD (PYUSD) $ 0.999823
  • c1usdCurrency One USD (C1USD) $ 1.00
  • ondo-financeOndo (ONDO) $ 0.792163
  • binance-peg-wethBinance-Peg WETH (WETH) $ 4,108.44
  • falcon-financeFalcon USD (USDF) $ 0.996195
  • jupiter-perpetuals-liquidity-provider-tokenJupiter Perpetuals Liquidity Provider Token (JLP) $ 5.58
  • story-2Story (IP) $ 6.60
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.200810
  • worldcoin-wldWorldcoin (WLD) $ 0.953096
  • binance-staked-solBinance Staked SOL (BNSOL) $ 214.76
  • gatechain-tokenGate (GT) $ 16.13
  • internet-computerInternet Computer (ICP) $ 3.54
  • htx-daoHTX DAO (HTX) $ 0.000002
  • kucoin-sharesKuCoin (KCS) $ 14.31
  • arbitrumArbitrum (ARB) $ 0.341561
  • rocket-pool-ethRocket Pool ETH (RETH) $ 4,707.20
  • usdtbUSDtb (USDTB) $ 0.999411
  • algorandAlgorand (ALGO) $ 0.204386
  • chainopera-aiChainOpera AI (COAI) $ 9.14
  • pi-networkPi Network (PI) $ 0.215165
  • hash-2Provenance Blockchain (HASH) $ 0.035461
  • bfusdBFUSD (BFUSD) $ 1.00
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 4,335.84
  • vechainVeChain (VET) $ 0.019115
  • cosmosCosmos Hub (ATOM) $ 3.47
  • wbnbWrapped BNB (WBNB) $ 1,216.51
  • kaspaKaspa (KAS) $ 0.060432
  • stakewise-v3-osethStakeWise Staked ETH (OSETH) $ 4,333.51
  • tether-goldTether Gold (XAUT) $ 4,142.87
  • pudgy-penguinsPudgy Penguins (PENGU) $ 0.024527
  • kinetic-staked-hypeKinetiq Staked HYPE (KHYPE) $ 39.29
  • liquid-staked-ethereumLiquid Staked ETH (LSETH) $ 4,451.42
  • render-tokenRender (RENDER) $ 2.83
  • skySky (SKY) $ 0.062342
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  • pump-funPump.fun (PUMP) $ 0.004092
  • sei-networkSei (SEI) $ 0.224868
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 112,908.00
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 4,356.42
  • quant-networkQuant (QNT) $ 89.48
  • pax-goldPAX Gold (PAXG) $ 4,155.03
  • official-trumpOfficial Trump (TRUMP) $ 6.29
  • bonkBonk (BONK) $ 0.000016
  • nexoNEXO (NEXO) $ 1.22
  • pancakeswap-tokenPancakeSwap (CAKE) $ 3.49
  • jupiter-exchange-solanaJupiter (JUP) $ 0.373746
  • filecoinFilecoin (FIL) $ 1.67
  • syrupusdcSyrup USDC (SYRUPUSDC) $ 1.13
  • binance-bridged-usdc-bnb-smart-chainBinance Bridged USDC (BNB Smart Chain) (USDC) $ 0.999721
  • spx6900SPX6900 (SPX) $ 1.21
  • solv-btcSolv Protocol BTC (SOLVBTC) $ 112,908.00
  • immutable-xImmutable (IMX) $ 0.573327
  • xdce-crowd-saleXDC Network (XDC) $ 0.060269
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.998882
  • mantle-staked-etherMantle Staked Ether (METH) $ 4,428.01
  • morphoMorpho (MORPHO) $ 1.93
  • jupiter-staked-solJupiter Staked SOL (JUPSOL) $ 228.96
  • doublezeroDoubleZero (2Z) $ 0.283793
  • celestiaCelestia (TIA) $ 1.15
  • injective-protocolInjective (INJ) $ 9.52
  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 112,921.00
  • clbtcclBTC (CLBTC) $ 116,256.00
  • solmevSolMev (SN116) $ 2,398.72
  • fasttokenFasttoken (FTN) $ 2.02
  • lido-daoLido DAO (LDO) $ 0.959603
  • optimismOptimism (OP) $ 0.481287
  • blockstackStacks (STX) $ 0.467891
  • ripple-usdRipple USD (RLUSD) $ 1.00
  • msolMarinade Staked SOL (MSOL) $ 266.06
  • curve-dao-tokenCurve DAO (CRV) $ 0.586070
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 0.313606
  • plasmaPlasma (XPL) $ 0.450529
  • aerodrome-financeAerodrome Finance (AERO) $ 0.884523
  • ousgOUSG (OUSG) $ 112.93
  • cgeth-hashkey-cloudcgETH Hashkey Cloud (CGETH.HASH) $ 3,926.87
  • sonic-3Sonic (S) $ 0.199391
  • l2-standard-bridged-weth-baseL2 Standard Bridged WETH (Base) (WETH) $ 4,122.71
  • the-graphThe Graph (GRT) $ 0.069720
  • superstate-short-duration-us-government-securities-fund-ustbSuperstate Short Duration U.S. Government Securities Fund (USTB) (USTB) $ 10.85
  • global-dollarGlobal Dollar (USDG) $ 0.999940
  • flokiFLOKI (FLOKI) $ 0.000074
  • pyth-networkPyth Network (PYTH) $ 0.123503
  • ondo-us-dollar-yieldOndo US Dollar Yield (USDY) $ 1.10
  • usdx-money-usdxStables Labs USDX (USDX) $ 0.998350
  • havvenSynthetix (SNX) $ 1.97
  • saros-financeSaros (SAROS) $ 0.257887
  • tezosTezos (XTZ) $ 0.623052
  • tbtctBTC (TBTC) $ 112,394.00
  • kaiaKaia (KAIA) $ 0.112447
  • arbitrum-bridged-weth-arbitrum-oneArbitrum Bridged WETH (Arbitrum One) (WETH) $ 4,104.17
  • ether-fiEther.fi (ETHFI) $ 1.23
  • gtethGTETH (GTETH) $ 4,119.12
  • stader-ethxStader ETHx (ETHX) $ 4,400.78
  • aethirAethir (ATH) $ 0.043895
  • newton-projectAB (AB) $ 0.007598
  • pendlePendle (PENDLE) $ 3.63
  • iotaIOTA (IOTA) $ 0.150580
  • conflux-tokenConflux (CFX) $ 0.116701
  • usdaiUSDai (USDAI) $ 1.03
  • myx-financeMYX Finance (MYX) $ 3.11
  • beldexBeldex (BDX) $ 0.079079
  • trust-wallet-tokenTrust Wallet (TWT) $ 1.41
  • dogwifcoindogwifhat (WIF) $ 0.578703
  • theta-tokenTheta Network (THETA) $ 0.572580
  • dashDash (DASH) $ 44.94
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  • jasmycoinJasmyCoin (JASMY) $ 0.010809
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  • syrupMaple Finance (SYRUP) $ 0.436539
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  • polygon-pos-bridged-weth-polygon-posPolygon PoS Bridged WETH (Polygon POS) (WETH) $ 4,115.11
  • frax-etherFrax Ether (FRXETH) $ 4,068.14

2024 Report Finds 96% of NFTs Declared ‘Dead’ Amid Market Instability

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2024 Report Finds 96% of NFTs Declared ‘Dead’ Amid Market Instability

A recent report by nftevening.com reveals a troubling state of the non-fungible token (NFT) market, with 96% of NFTs now considered “dead.” The analysis highlights the high unprofitability rate among holders and the fleeting lifespan of most NFTs.

NFT Sector Faces Uncertain Path as 2024 Bull Run Bypasses It

As highlighted in nftevening.com’s 2024 report, the once-celebrated future of digital ownership, the NFT market, is currently grappling with significant hurdles. The report scrutinized over 5,000 NFT collections and around 5 million transactions to assess the present state of the market.

A staggering 96% of NFTs were deemed “dead,” meaning they exhibited zero trading volume, minimal 7-day sales, and were practically non-existent on social media platforms like X. This unsettling revelation underscores the market’s volatility and the uncertain standing of numerous NFT projects.

2024 Report Finds 96% of NFTs Declared ‘Dead’ Amid Market Instability

Additionally, the report sheds light on the financial strain experienced by NFT investors, with more than 43% of holders finding themselves in the red. On average, these investors have faced a 44.5% dip in their investments. Notably, the lifespan of an NFT now averages just 1.14 years, which is noticeably shorter than that of traditional crypto asset projects.

This brevity indicates NFTs’ struggle to retain long-term value, further contributing to the market’s overall instability. Bitcoin.com News reported that NFT sales have fallen by 41.36% compared to July, with July’s digital collectible sales being 36.6% lower than those in June.

Moreover, nftevening.com’s analysis highlights a stark contrast in the profitability of different NFT collections. While some, like the Azuki collection, have thrived thanks to strong community engagement and savvy marketing, others, such as the Pudgy Penguins collection, have plummeted, with holders suffering a 97% drop in value.

The future of NFTs remains uncertain, leaving us to wonder if they’ve truly reached their lowest point. While other areas within the crypto and blockchain space have experienced growth during the 2024 bull run, NFTs have unfortunately trended in the opposite direction, with a steady decline since the year’s onset. According to Cryptoslam.io metrics, however, NFT sales have settled a total value of $66.128 billion in sales.

What do you think about nftevening.com’s NFT analysis? Share your thoughts and opinions about this subject in the comments section below.

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