EUR/USD 1.16276
0.037%
Gold 4401.46
1.060%
Oil 93.866
1.800%
USD/JPY 153.498
-0.313%
GBP/USD 1.35459
0.044%
GBP/JPY 207.931
-0.276%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On September 9th, at the 2026 JD Global Technology Explorers Conference, Yu Kai, founder and CEO of Horizon Robotics, officially announced that Horizon Robotics Journey 6P intelligent driving computing solution has been selected for JD Logistics unmanned vehicle project. This solution will provide automotive-grade intelligent driving computing power support for JD Logistics L4-level "Lone Wolf" sixth-generation intelligent delivery vehicle Plus version. Yu Kai stated that the deployment scale of unmanned logistics vehicles through this collaboration is expected to reach one million units within the next three years.Amazon and Flex announced the expansion of their advanced manufacturing facility in Texas, which is expected to create nearly 1,000 jobs and strengthen the U.S. supply chain.A grain terminal in Novorossiysk, Russia, was damaged in a drone attack.September 9th - Leading EU lawmakers on carbon market reform are considering proposing a more gradual pace of emissions reductions over the next decade in a draft to be released on Friday. According to sources, European Parliament member Peter Lises draft will outline a plan to reduce the pollution cap on the emissions trading system by 3.4% annually in the first half of the 2030s, compared to the European Commissions proposal of 3.7%. In the second half, the so-called linear reduction factor will be 2.3%, compared to 1.7% sought by the Commission in 2036. This change would ease the burden on struggling European industries at the beginning of the next decade. High-emission producers in the region, such as those in the chemical industry, have warned that the cost of reducing pollution further weakens the EUs competitiveness with the US and could lead to shutdowns.EU lawmakers on carbon reform are considering more gradual emissions reduction measures.

Crypto Market Sell-off Delivers NFT Trading Volume Boost

Cory Russell

Apr 13, 2022 10:06


微信截图_20220413094918.png


The crypto market sell-off has aided the growth of OpenSea NFT trading volumes.


Trading volumes on OpenSea fell in February and March as the crypto market rose.


As more mainstream businesses join the NFT area, the prognosis for the NFT market remains positive.

NFTs and OpenSea had a strong start to 2022, with trade volumes reaching an all-time high in January. The upward trend provided a positive picture for the next year.


ETH trade volume reached $4.97 billion in January, according to Dune Analytics statistics. The previous all-time high for OpenSea came in August, when trade volume reached $3.42 billion.


However, the crypto market's recovery from late January lows to early April highs was underwhelming in February and March.


Conditions in the NFT market look to be improving, with the recent crypto market sell-off providing support.

Trading on OpenSea with ETH under $3,000

March saw $2.49bn in ETH-based NFT trading volumes, down from $4.97bn in January and $3.58bn in February.


ETH trading volume is at $1.30bn. A continuing ETH decline would encourage demand for NFTs, notwithstanding the lack of a straight line.


After a January low of $2,161, ETH hit $3,500 in April before slipping down to sub-$3,000. ETH has declined in 6 of 9 sessions, with ETH-based NFT trading on OpenSea returning to sub-$3,000.


Because NFT trade volumes for Polygon (MATIC) and Solana (SOL) are so small, ETH remains the major emphasis.


This month's active traders have risen. From 546,145 in January to 451,767 in March, active ETH-based NFT traders. This month, there were 281,546 active ETH-based NFT traders.


Active traders may reach January's all-time high, boosting OpenSea and NFTs.

Beyond ETH Value's Influence on Trading Volume

Competition, illegal conduct, new NFT launches, and regulatory scrutiny will all have an impact on OpenSea trading activity.


LooksRare (LOOKS) debuted in January this year, and Coinbase is ready to join the NFT field via CoinbaseNFT.


Acceptance of fiat money as a form of payment will be a last important driver for NFT transaction counts. Coinbase and Mastercard announced a cooperation at the start of the year that would enable mainstream payments for NFTs.


The ability to accept mainstream payments eliminates the need for potential NFT collectors to open digital wallets and acquire cryptocurrency under risky market circumstances. The move by Coinbase to accept Mastercard payments may drive other NFT markets to do the same.


The good news for the NFT industry is that major corporations are continuing to investigate and join the digital asset market. Investors will be watching how Solana-based NFTs work for OpenSea.


However, there are also downside concerns, such as illegal activities and increasing governmental supervision. Regulatory monitoring must be helpful rather than punishing in order to make the NFT market more accessible. The actions of regulators on NFTs may be connected to unlawful activities in the NFT sector.

Suggestion