The tokens linked to the NFT delivered the performance of the strongest sector in the second quarter, earning an average of 55.4% while the NFT trading volume called in dollars fell on multi -year stockings.
Artemis data show that the average gains of the tokens related to the NFT exceeded the second best performance, which was almost 50% of Ethereum (ETH).
The pingou token of the Grassouilles penguins represented a large part of the advance of the sector. Commercial data watch PEGGE closed at $ 0.01476 on June 30, up its lower intraday of $ 0.00,387 on April 8. This decision represents a gain of approximately 3.8 times in just 83 days.
Daily turnover on binance regularly exceeds $ 180 million in USDT terms, indicating sustainable speculative appetite. The overvoltage helped the NFT applications basket to exceed artificial intelligence tokens (35.6%) and Bitcoin (31.4%) during the period, according to Artemis.
While Bitcoin recorded a new record of all time above $ 118,000 on July 11, PENGU is at $ 0.229 with a price increase of 20%.
Volumes shrink while transaction counts are climbing
Dappradar’s “State Dapp Industry” report shows the NFT trading volume in the second quarter Slipped to $ 823 million, compared to $ 1.5 billion In the first quarter, a drop of 45%. The ignition is more significant compared to the volume of $ 4 billion a year earlier, a drop of 79%.
The decline occurred despite a leap in the number of sales to 12.5 million, against 7 million in the previous quarter, which suggests that the size of the smaller tickets dominated the activity.
DAPPRADAR attributes divergence to a market transition to low -cost collectibles and a gamified strike, which inflates transaction numbers without lifting the notional value.
Market players have allocated the disconnection between the prices of tokens and the turnover of the market in speculation going from non -buttocks to their governance or to their chips even related.
Artemis analysts noted that traders looking for leverage exposure to NFT culture have gravity to chips classified by liquid exchange rather than illiquid JPEGs, a model that has intensified once ETH financing rates have become negative in mid-May.
Larger sectoral data reinforce the split. Bitcoin ecosystem increased by 6.2% and intelligent contract platforms increased by 16.2% during the quarter, but real asset tokens decreased by 50.6% and data availability projects dropped by 47.4%, according to Artemis.
The performance of the second quarter left the pingou with a market capitalization exceeding $ 1.4 billion and a position of first 82 on the main dashboards of prices.
The disproportionate token rally, associated with a narrowing market volume, illustrates the growing detachment between the fungible representations of NFT brands and the underlying non-fascinating assets they refer.
