NFT market size declined further during 2023, as the market was one-third from what it was in March 2022. Investments and trading in these digital assets hit its lowest level in weeks. This may be due to growing regulatory pressure in 2023 on digital assets and a declining sentiment after the fall of crypto exchanges in late 2022. The annual market cap of NFTs grew sizably between 2020 and 2021, revealing a volatile market.
NFT market capitalization in the previous 7 days from September 1, 2021, to August 3, 2024
(in Ethereum, and U.S. dollars)
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NFTGo. (August 5, 2024). NFT market capitalization in the previous 7 days from September 1, 2021, to August 3, 2024 (in Ethereum, and U.S. dollars) [Graph]. In Statista. Retrieved September 20, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/statistics/1414252/nft-market-capitalization-by-week/
NFTGo. "NFT market capitalization in the previous 7 days from September 1, 2021, to August 3, 2024 (in Ethereum, and U.S. dollars)." Chart. August 5, 2024. Statista. Accessed September 20, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1414252/nft-market-capitalization-by-week/
NFTGo. (2024). NFT market capitalization in the previous 7 days from September 1, 2021, to August 3, 2024 (in Ethereum, and U.S. dollars). Statista. Statista Inc.. Accessed: September 20, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1414252/nft-market-capitalization-by-week/
NFTGo. "Nft Market Capitalization in The Previous 7 Days from September 1, 2021, to August 3, 2024 (in Ethereum, and U.S. Dollars)." Statista, Statista Inc., 5 Aug 2024, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1414252/nft-market-capitalization-by-week/
NFTGo, NFT market capitalization in the previous 7 days from September 1, 2021, to August 3, 2024 (in Ethereum, and U.S. dollars) Statista, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1414252/nft-market-capitalization-by-week/ (last visited September 20, 2024)
NFT market capitalization in the previous 7 days from September 1, 2021, to August 3, 2024 (in Ethereum, and U.S. dollars) [Graph], NFTGo, August 5, 2024. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/statistics/1414252/nft-market-capitalization-by-week/