NFT Trading has seen a sharp decline since December as Artificial Intelligence Daps has continued its growth, which has become the fastest growing area in web 3.
According to the latest industry of DAPPRADAR Report Published on March 6, NFT trading volume declined by 63% in two months, $ 1.36 billion in December to $ 997 million in January and then $ 498 million in February. In February, the sales fell by 16% decline, reflecting a weak market.
However, some collections remain active. Despite the price reduction, the sales of Pudi Penguin increased by 25%. Doodles, another collection, made headlines, when she revealed her upcoming Solana-based Dood Cryptocurrency.
Meanwhile, the AI-operated NFT collection like Kito Genesis has received traction, reaching the 7.65 Ethereum (ETH) after the price of its floor is partnership with Azuki.
According to the report, AI Dapps is now the fastest growing web 3 category. In February, a bounce was seen in the unique active wallet, with platforms such as LOL 5.1 million users (+40%) and 988%increasing, increasing the evergreen. The AI-related material is also rich, in which 721% spikes have been seen in adoption of fructal vision.
Similar to NFTS, decentralized finance industry has taken a hit, shown by a decline in the total value locked. The TVL moved from $ 217 billion to $ 168 billion between January and February. Atherium’s TVL from 27% to $ 97 billion due to a decrease in liquid stacking activity.
The biggest decline was experienced by Solana (Sol), whose TVL shrunk 33%, which was mostly increased to $ 15.4 billion as a result of low activity on radium (ray) and Jupiter (JP) exchanges.
On the other hand, Berachain (Bera), despite the recession, managed to get $ 5.05 billion in TVL. One of the other series of growth to register development, APTOS (APT) saw a 6% increase in TVL at $ 1.83 billion.
