NFT Marketplaces Sales, Users Drop to Lows Not Seen Since 2021, Dune Data Shows

CoinDesk · Kaleb da Silva Pereira

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The number of daily users and sales has dipped across non-fungible token (NFT) marketplaces over the last week, according to data pulled from analytics platform Dune, reaching new lows not seen since July 2021.

According to a Dune dashboard compiled by NFT researcher SeaLaunch, the number of unique users across top NFT marketplaces including Blur, OpenSea and LooksRare has been steadily declining over the past seven days and dropped to 7,805 on April 19. The number of unique users across NFT marketplaces hasn't been that low since July 31, 2021, when the number of unique users on OpenSea and other marketplaces was recorded at 7,455.

Sales across NFT marketplaces have also dipped over the last seven days, with 16,149 sales recorded on April 19, according to the same data from Dune. The last time the number of sales was that low was on Nov. 9, 2021, when there were 12,910 sales.

It appears that both top marketplaces OpenSea and Blur are seeing notable declines in unique users and sales. According to another dashboard compiled by SeaLaunch, Blur, the pro-focused NFT marketplace, has experienced a shrinking number of sales on its platform this week, counting 5,688 sales on Thursday – its lowest daily sales count in 90 days. The number of Blur daily unique users has also fallen, with 1,777 unique users reported on April 19, the lowest in 90 days.

As for OpenSea, a Dune dashboard compiled by researcher Hildobby shows the number of daily traders has fallen sharply over the last week, hitting 10,640 on April 18. According to the data, OpenSea's daily trader count hasn't dipped below 10,000 since July 2021.

"Unique daily users are effectively at a low amount historically on both marketplaces," SeaLaunch told CoinDesk.