SVB's collapse on the NFT market Reports suggest that SVB's c | Crypto for Dummies

SVB's collapse on the NFT market

Reports suggest that SVB's collapse has shattered NFT trading volumes as traders are holding on to their assets amid the ongoing banking crisis in the US.

Data revealed NFT trading volumes were near $74 million, whereas after SVB's collapse, it declined to around $36 million, dropping daily NFT sales count by 27.9%.