There is no question that the overall NFT market volume has suffered from its all-time peak in January. Nevertheless, plenty of sources paint a picture much worse than reality, especially when we think about generative art.

NFTstatistics.eth @punk9059

A @Bloomberg article today said NFT volumes are down 97%. Two reasons they're off: 1) Their Dune doesn't exclude wash-trading. This caused it to overstate Jan volumes by 2-3x. Looks launched in Jan. 2) It doesn't include x2y2/MagicEden which are now 25%+ of daily volume (1/3)

2:50 PM ∙ Sep 30, 2022

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Last week, we saw how QQL netted over $17M (just in primary sales) and a few days ago, Fontana by Harvey Rayner | patterndotco minted out on Art Blocks Curated — the floor is over 2.5 Eth ($3,388) with over 569 Eth (+$771k) on secondary volume alone.

I’ve seen many discussions about the market being dry on FxHash and Tezos, but I feel this might be an example of “the grass is always greener on the other side”.

Just over the last four days, five collections had successful mints on FxHash, commanding over $145k in volume:

• September by teaboswell (41k Tezos / $56k).

• Lineage by maxwellinked and twistie (33k Tezos / $46k).

• Ordinary Places by WILLARD (11.9k Tezos / $16.6k).

• Elo by gpitombo (9.6k Tezos / $13k).

• Twistings by Nadieh (9.6k Tezos / $13k).

Kaloh @Kaloh_nft

"NFT volume is 97% down from its peak" is one of the most misleading stats I've seen... Just did a quick check and @fx_hash_ weekly volume was between $300k/$500k in January/February. Last week it reported $900k (source @DappRadar) that's an 80% to 200% increase... #tezos

10:32 AM ∙ Oct 5, 2022

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194Likes39Retweets

I wanted to go deeper to understand the situation and using my market analyses seemed like a logical place to start.

This report aggregates data from over 30+ market analyses, including active users, total volume, and factoring in the Tezos value volatility. Access the market analysis history here.