From the data from mid-February to the end of March, the transaction volume of NFTs fluctuated greatly. Before March 15, the overall transaction volume of the NFT market dropped by nearly 80% compared with the previous 30-day cycle. Beginning on March 15, the market began to pick up, the data rose, and created a new high in nearly a month. But overall, transaction volume is still down sharply. In one sentence, the overall data is down, and the recent trend is up.

Note: The following data is from NFTGo. Because the data only involves projects on the Ethereum chain, it may be slightly deviated from the actual situation, but it can still well indicate the main data and trends.

From the overall market data, it can be seen that the transaction volume, traders, buyers, sellers, transaction volume, and sales volume have declined to varying degrees, of which the overall transaction volume has dropped by 25%, which is the decline since February. If it shrinks further, it can be seen that the market is gradually rational and begins to adjust itself, which makes the prices of some projects fall, but when the adjustment is over, there will still be a wave of rises, and there may be some opportunities for long-termists. It should be noted that the increase in the total market value is due to the continuous release of new projects, but most of these projects have very short life cycles and extremely low liquidity, so they cannot be used as evidence that the market is more active.

By intercepting the data analysis from February 15th to March 31st, we can see that the transaction volume of NFT has been at a low level before March 15th, and has risen all the way after March 15th, surpassing the data of February, This shows that the market is starting to pick up. Of course, there are also factors in the operation of blue-chip projects, such as Anonverse, Azuki, etc. This is good news for the market.

Looking at the trader data, both the number of buyers and sellers declined, from slightly more buyers than sellers in February to slightly more sellers than buyers.

From the perspective of liquidity, the type of projects with the most liquidity within 30 days belongs to the IP category, but from the data of the past 7 days, the most liquid project belongs to the PFP category.

In terms of market value, PFP-type NFTs account for more than 50% of the overall market value, with the second and third being collectibles and games.

The important reason for the above results is that the core position of NFT's early leading projects has not been shaken. Punk's market value exceeds 10%, and the BAYC series adds up to close to 10%. Other projects in the top 10 by market value are still old faces, indicating that the new projects are still in use for the time being. It did not have a strong impact on it. And this is also good news for latecomers. From the perspective of various industries, pioneers rarely persist until the market matures and become real giants, and projects that adopt new technologies and new ideas have the opportunity to catch up.

Judging from the transaction volume data, NFTs in the PFP category are still the absolute main force in the market, with transaction volume close to 50%. The main trend of the market has not changed.

From the project point of view, the highest transaction volume in the past 30 days belongs to Meebits, followed by dotdotdots, all of which have a share of more than 10%. In addition, World of Women Galaxy has entered the top ten, which can be paid attention to. (Note: Meebits is a 3D NFT released by Larva Labs, the creative team of CryptoPunks, which is a 3D version of punk. dotdotdots is a set of black and white abstract pictures, which were released in a "silent" way, cast fairly and mainly rely on the community The power of , similar in some modes to Loot. World Of Women Galaxy is the second season of the World Of Women series, the crypto industry's first collectible project for women)