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NFT Trading Volume Declines, But Smart Contract Deployments Are Still Growing



Despite a 41% decrease in NFT trading volume in Q2 2023, there has been a significant increase in the deployment of smart contracts and Ethereum SDK installations for Web3 development. This indicates continued growth and steps towards mass adoption of Web3. While NFT trading volumes have declined and fewer new users are entering the market, emerging use cases such as gaming have kept developers interested in building on the blockchain
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