According to online reports, according to Bloomberg, NFT, once a popular area for cryptocurrency traders and enthusiasts, now seems to be worse than before. Trading volumes on this once-popular track have now fallen for five consecutive quarters. According to data compiled by DappRadar, NFT's total transaction volume fell to $823 million in the second quarter, compared with $4 billion in the same period last year. Although total NFT trading volumes have fallen by 19% in 2024, setting the worst year ever for the sector, this year's data suggests that the market downturn has not yet bottomed out. These numbers also reflect that digital assets, represented by collectible cartoon avatars and viral Memes, are gradually losing their former appeal.