SVB’s Situation Boosts DeFi Transactions

In a new report, DappRadar states that DeFi tends to be highly sensitive to market concerns and crashes.

SVB Crash Affects NFTs Too

The day after Silicon Valley Bank (SVB) collapsed, active NFT trading volume hit the lowest point since November 2021.

Report: More than 50% Change in Ethereum NFT Market Cap

Ethereum NFT market cap fell 59.60% from $9.3 billion in 2022 to approximately $3.7 billion in early 2023.