Data from the Dune dashboard shows that trading volumes for all NFTs have dropped significantly, from $1.8 billion in weekly trading volume in August 2021 to about $73 million currently.
Reserve prices have dropped significantly for many items, such as The Merge, which attracted more than 30,000 collectors who paid a total of $91.8 million to mint the collection.
But the base price of the series has dropped from about 25ETH to 1.1ETH today, the base price of the MPL NFT is currently 0.011ETH (about $19), and the Maya Spirits NFT is currently trading at a base price of 0.015ETH (about $26).