Tap to Trade in Gate Square, Win up to 50 GT & Merch!
Click the trading widget in Gate Square content, complete a transaction, and take home 50 GT, Position Experience Vouchers, or exclusive Spring Festival merchandise.
Click the registration link to join
https://www.gate.com/questionnaire/7401
Enter Gate Square daily and click any trading pair or trading card within the content to complete a transaction. The top 10 users by trading volume will win GT, Gate merchandise boxes, position experience vouchers, and more.
The top prize: 50 GT.
![Spring Festival merchandise](https://exampl
Bloomberg: The NFT market has declined for the fifth consecutive quarter, with a significant shrinkage in volume.
BlockBeats reported on July 9 that, according to Bloomberg, the NFT sector, once a popular area for cryptocurrency traders and enthusiasts, seems to be far from its former glory. This once-booming field has seen its trading volume decline for five consecutive quarters. According to data compiled by DappRadar, the total trading volume of NFTs in the second quarter fell to $823 million, down from $4 billion in the same period last year. Although the total NFT trading volume in 2024 has decreased by 19%, marking the worst year in the sector’s history, this year’s data suggests that the market downturn has not yet reached its bottom. These numbers also reflect that digital assets represented by collectible cartoon avatars and viral memes are gradually losing their previous appeal.