The daily trading volume of Ethereum NFTs on OpenSea has dropped to a two-year low, falling more than 99% from its peak

News on May 8th, former Proof researcher punk9059 stated on the X platform that currently, OpenSea's daily trading volume in the Ethereum NFT market is about 600 ETH, which is the lowest level since before the NFT bull market began in May 2021. This figure has dropped by 99.1% from its peak in May 2022 when OpenSea's daily trading volume reached 66,000 ETH.