Last 7 days the NFT market saw a 3.56% decrease in total sales volume with the total number of NFT transactions tanking by 13.39%. CMC says NFTs are still too expensive. For the price of a jpeg, huh?
Although $AXS rallied to $13.8, a 60% spike from its bear market low, it's unclear when the NFT market will recover.
We believe when NFT's utility will gain better exposure and adoption it can potentially shed new light on the trading volume boost.