The drop in NFT trading volumes from $74 million to $36 million, as reported by DappRadar, shows how much the market was affected by the bank’s collapse. This decline in trading volume was accompanied by a 27.9% drop in daily NFT sales count between March 9 and March 11. The decrease in NFT trading volumes and sales counts is a cause for concern, as it indicates a lack of confidence in the market.
Source: NFT Trading Volumes Plunge After Silicon Valley Bank Collapse