Kraken Blog | Oct 6, 2022
Hot on the heels of August, September 2022 also trended negatively for cryptoassets overall. Based on market capitalization, all sectors saw negative returns for the month, ranging from -14% to -1%.
Following the overall crypto market trend, NFT market activity also slowed in August. Average daily users and average daily transactions fell -5.7% and -3.1% MoM, respectively. NFT volume also decreased as average daily volume dropped -26.3%. DeFi assets saw mixed returns, ranging from -21% to +27%.
Are the markets poised for recovery in the coming weeks? Find out in our latest market recap and outlook report as the team explores what happened in September and what lies ahead.
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