NFT trade has been a sharp decline since December, while artificial intelligence dapps continues their rise and becomes the fastest growing sector in web3.
According to the latest industry from D -Appadar Report Published on 6 March, NFT trade volume fell by 63% for two months, from $ 1.36 billion in December to $ 997 million in January and then to $ 498 million in February. February also saw a decrease in turnover by 16%, which reflects a weaker market.
However, some collections remain active. The sale of Pudgy Penguins increased by 25% despite price reductions. Doodles, another collection, made headlines when it unveiled his upcoming Solana -based death cryptocurrency.
In the meantime, AI-driven NFT collections such as Kaito Genesis have won Grip, with its floor price that reaches 7.65 Ethereum (ETH) after collaboration with Azuki.
According to the report, AI Dapps are now the fastest growing web3 category. February saw an increase in unique active portfolios, with platforms such as LOL that grew 5.1 million users (+40%) and Evermoon grew by 988%. AI-generated content is also flourishing, with fractal visions that see a peak of 721% in adoption.
Just like NFTS, the decentralized financial industry has taken a hit, shown by the decrease in the total value locked. TVL went from $ 217 billion to $ 168 billion between January and February. A decrease in the activity of liquid deployment ensured that the TVLe from Ethereum decreased 27% to $ 97 billion.
The biggest decline was experienced by Solana (SOL), whose TVL 33% Krump to $ 15.4 billion, especially as a result of reduced activity on Raydium (Ray) and Jupiter (Jup) fairs.
Berachain’s (Bera), on the other hand, managed to reach $ 5.05 billion in TVL despite the recession. One of the other pair of chains to register growth, APTOS (APT), saw an increase of 6% in TVL to $ 1.83 billion.
