Study: 98% of 2024 NFT Drops Are Dead; Only 0.2% Have Generated Profits for Investors
November 12, 2024
A new study shows a slump in the NFT Market, with low trading activity and steep price drops hinting at potential market oversaturation.
Demand and Supply Mismatch
A study finds that 98% of non-fungible token (NFT) drops in 2024 have seen no trading activity since September, with 64% having fewer than 10 mints. This limited trading, according to the State of 2024 NFT Drops report, suggests a lack…
