Arcane Research studied the traffic of cryptocurrency platforms over the past three months. We also take a closer look at the troubling trend of falling NFT market activity in recent months, using the latest data from Xangle.
According to Arcane Research (which used public data from SimilarWeb), the leader among the visitors of cryptocurrency exchanges over the past 90 days are U.S. citizens — they accounted for 14.33% of all visits. The second place is taken by South Korea. Russia is in third place in this ranking.
The interesting specifics of the leading exchanges were revealed:
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Speaking about the total numbers — among the cryptocurrency platforms in the last 90 days, the leader was Binance with 300 million visitors, the second place for the NFT platform OpenSea, and third place went to Coinbase.
It should be noted that for the second place there is a constant fierce struggle between Coinbase and FTX, which have about the same size of audience, constantly changing positions with each other in different periods of research.
The fastest growing exchanges among the largest are FTX and Bybit.
Despite the excellent statistics for NFT on long timeframes, the trend at the end of summer has sharply degraded, which requires a separate review.
The collapse of active users of the largest NFT marketplace, OpenSea, reflects the situation very well:
Many experts are surprised by these statistics — it looks like OpenSea is rapidly dying. Some assure that it is only a seasonal decline during the vacation season, i.e., a temporary phenomenon.
To summarize, in the midst of the crypto winter, the situation in the NFT field is rather complicated and contradictory. Two examples can be given to illustrate the contrast in the market — positive and negative:
A lot of additional recent statistics on the NFT market can be found at this link.
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