Day-to-day business: NFTs could be affected if international standards are tightened.

2021-4-22 06:10
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Daily Market reported in an April 22 article: “The reason why different tokens have become 'entertainers' with over $ 2 billion in sales outstanding in the first quarter. The report says recent "skyrocketing" events put NFTs in the public eye. As NFTs have grown in popularity and become "outsiders," they are also attracting more people who think they can get rich, presenting the deal with a lot of hype. A bigger problem may be at the management level. Currently, most countries do not approve legislation for virtual assets, including DTVs, and there is still a lot of uncertainty about future care.

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March report: DeFi Total TVL correction up 50%, NFT business volume up more than 25 times
CoinDesk today announced the Market Trends Report for the first quarter of 2021. According to the report, after a year of growth and development, DeFi has started to calm down. In the first quarter of 2021, the dollar value of crypto assets controlled by the DeFi app is expected to increase by 150%, from around $ 20 billion to $ 50 billion. However, most activity shows an increase in ETH and other Ethereum-based tokens rather than a further increase in crypto-based assets. After adjusting for “price impact”, we can see that DeFi's total fixed price (TVL) has increased by 50% this quarter and is expected to gradually adjust by the end of March. DEX trading volume also saw similar gains on a regular basis, but declined slightly at the end of the first quarter. The NFT industry grew rapidly in the first quarter, with the packaging industry over 25 times and the value of some markets exceeding $ 2 billion.
2021-4-22 05:08