Tags: Non-fungible Token

DeFi suffered most in Q1 with a 15% decline due to lower trading volume compared to Q4 2024.

Once a billion-dollar market, Art NFTs have suffered a dramatic downturn, with top platforms experiencing sharp declines in volume.

Despite increased sales volume, Immutable saw a decline in both daily sellers and buyers which points to a higher transaction values and fewer participants.

Yuga Labs’ regulatory battle has ended as the SEC closed its probe.

OpenSea has suspended listing and bidding XP rewards after criticism.

Beyond PENGU, airdrops from Dymension, Omni Network, zkSync, and LayerZero boosted Pudgy Penguins holders’ earnings significantly throughout 2024.

Etherlink’s adoption surged with Web3 gaming and DeFi projects, driving NFT growth, while Tezos’ Layer 1 activity declined by 5%.

DappRadar revealed that the gaming sector dominated NFT sales in 2024.

Despite skepticism around the NFT sector due to declining hype, 2024’s performance stands as the third-highest annual revenue on record.

Katana DEX controls 99% of Ronin’s DeFi TVL, followed by Sablier Finance and MetaLend.

Pengu’s tokenomics reveal a significant share for the community, with a strategic approach to team and company allocations.

RTFKT’s closure follows declining NFT demand and market challenges, despite $50 million earnings and collections like MNLTH and Clone X.

Only 0.2% of all 2024 NFT collections delivered profits, and even among active collections, only 11.9% have been profitable.

Despite BAYC’s earlier lead, CryptoPunks solidified its top position with 30.9% market share.

Tamaki’s crypto tax reform suggests a 20% rate, encouraging Web3, and NFTs.

Activity in Bitcoin Runes transfers is on the rise again, with a threefold increase from the levels seen in August.

The OpenSea executives’ exit comes when the NFT marketplace experiences a market shrink and a regulatory clampdown from the U.S. SEC. 

Lattice Fund’s 2022 report demonstrated a shift in crypto investment toward stable sectors, with Infrastructure and CeFi leading fundraising.