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A new report by DappRadar has revealed that nonfungible token (NFT) trading volumes tanked following the collapse of the Silicon Valley Bank (SVB). SVB’s collapse was a big issue in the Blockchain data platform Dappradar released a report on Wednesday exploring the aftermath of the Silicon Valley Bank (SVB) collapse and its impact on non-fungible token ( NFT) trading According to a report published on 16 March by the decentralized app data aggregation platform DappRadar, NFT trading volumes took a massive hit following the collapse of SVB last week Last Saturday, the day after the Federal Deposit Insurance Corp. took control of Silicon Valley Bank, there were only 12,000 active NFT traders, according to According to a report reported on March 16 by data monitoring platform DappRadar, NFT trading volumes hovered between $68 million and $74 million before SVB's collapse on March 10 and According to recent data, the NFT trading volumes witnessed a slump as the failure of SVB came to light. DappRadar noted that the NFT trading volumes dipped to a According to the latest edition of the DappRadar report, NFT traders went “numb” in response to the banking turmoil in the US. The report, published on March 16 Now, a recent report from DappRadar indicates that after the Federal Deposit Insurance Corp. (FDIC) took over SVB, the number of active NFT traders plummeted NFT trading volumes took a massive hit following the collapse of SVB last week, as per a recent DappRadar report. There were only 11,440 active NFT traders on the According to recent data, the NFT trading volumes witnessed a slump as the failure of SVB came to light. DappRadar noted that the NFT trading volumes dipped to a low of $38 million on

SVB Fiasco Led to Crypto Rally, But NFT Volumes Suffered: DappRadar Report

The collapse of Silicon Valley Bank (SVB) triggered a mixed reaction in the crypto space. While some cryptocurrencies experienced a rally, the non-fungible token (NFT) market faced a significant downturn. A new report by DappRadar sheds light on this phenomenon, revealing a stark contrast in performance following the banking crisis.

According to a report published on March 16th by DappRadar, the decentralized app data aggregation platform, NFT trading volumes took a massive hit last week following the collapse of SVB. The report highlights the immediate impact, showing a dramatic decrease in both trading volume and active NFT traders.

Before SVB's collapse on March 10th, NFT trading volumes hovered between $68 million and $74 million, according to the DappRadar report. However, according to recent data, the NFT trading volumes witnessed a slump as the failure of SVB came to light. DappRadar noted that the NFT trading volumes dipped to a low of $38 million on [Date].

The DappRadar report stated that NFT traders went “numb” in response to the banking turmoil in the US. Last Saturday, the day after the Federal Deposit Insurance Corp. took control of Silicon Valley Bank, there were only 12,000 active NFT traders, according to [Source]. Now, a recent report from DappRadar indicates that after the Federal Deposit Insurance Corp. (FDIC) took over SVB, the number of active NFT traders plummeted. NFT trading volumes took a massive hit following the collapse of SVB last week, as per a recent DappRadar report. There were only 11,440 active NFT traders on the [Date].

SVB’s collapse was a big issue in the Blockchain space, and data platform Dappradar released a report on Wednesday exploring the aftermath of the Silicon Valley Bank (SVB) collapse and its impact on non-fungible token (NFT) trading.

In conclusion, while the SVB fiasco seemingly contributed to a crypto rally, the NFT market, as indicated by the DappRadar report, experienced a significant downturn, characterized by decreased trading volume and a reduced number of active traders. This underscores the complex and often unpredictable relationship between traditional financial markets and the rapidly evolving world of cryptocurrencies and NFTs.

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