Analysts at DappGambl have concluded that the era of NFTs has ended. They contend that the once-thriving NFT sector now appears lackluster, with dubious market metrics as the hype fades.

During the hype’s pinnacle in 2021-22, the monthly trading volumes of non-fungible tokens were at $2.8 billion. This period mirrored the mid-19th-century California Gold Rush. Everyone started minting their NFTs: experienced artists, budding musicians, students, and tech-savvy retirees. Many were even fortunate enough to make substantial profits from it.
However, DappGambl's researchers believe that era has ended and is unlikely to come back.
Using data from NFT Scan, they conducted a comprehensive analysis of 73,257 collections to identify the prevailing trends.
What were the key findings from the current market analysis?
95% (69,795 out of 73,257) of the collections studied hold no market value.
Only one-fifth of all the tokens from these collections have been purchased, demonstrating the actual (and not media-inflated) interest in NFTs.
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