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World's 3rd Largest NFT Trading Platform 'X2Y2' To Cease Operation at End-Apr w/ Overall Trading Vol. Dropping 90% Since 2021
The trading of non-fungible tokens (NFTs) plummeted globally, impacting platforms that host digital assets, according to The Nikkei. Of which, the world's third-largest NFT tra...
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World's 3rd Largest NFT Trading Platform 'X2Y2' To Cease Operation at End-Apr w/ Overall Trading Vol. Dropping 90% Since 2021
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The trading of non-fungible tokens (NFTs) plummeted globally, impacting platforms that host digital assets, according to The Nikkei. Of which, the world's third-largest NFT trading platform, 'X2Y2', is set to cease operations at the end of this month.

X2Y2, which was founded in February 2022, saw its annual trading volume hovers around US$50 million and a 90% drop in its overall trading volume since 2021.

Related NewsExports YoY for Apr in China is 8.1%, lower than the previous value of 12.4%. The forecast was 1.9%.
The value of NFT deals, after reaching US$57.2 billion in 2022, fell by nearly 80% to US$13.7 billion in 2024, and continued to be sluggish, the report also quoted third-party data as saying.

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