According to official news, NFTGo and CoinMarketcap recently jointly released the "2023 NFT Market Analysis Report". The report covers the latest developments in the NFT market in the first half of 2023, including market overview, micro trends, whale analysis, profit methods, and NFTFi, aiming to provide investors with efficient decision-making support.

The report pointed out that in Q1 2023, NFT trading volume first increased and then decreased. This is due to Blur’s incentives and airdrops. The number of NFT holders fell to an almost 12-month low on April 19, with just 11,187 traders. OpenSea once dominated the NFT royalty market, but Blur surpassed it in mid-February and matched it in March.

In addition, the transaction volume and number of Bitcoin Ordinals market have been rising in the past four months, but its transaction volume only accounts for 0.02% of the ETH market. Due to the slow transaction speed, high cost and limited application scope of Ordinals NFT, Ethereum NFT still has an advantage in application scope and speed.