The ETH Merge Did Little to Energize a Tepid NFT Market

In the weeks leading up to the Merge, NFT trading decreased overall, and this past week has been just slightly better. One of the industry’s top marketplaces, OpenSea, has seen $84 million of volume in the past seven days for Ethereum-based NFTs, a 5.3% increase from the week leading up to the Merge, according to data from DappRadar. The average weekly price for an Ethereum-based NFT on OpenSea stands at $199, a 14.5% decrease from the previous week.