Despite the broader market downturn, NFT activity remains vibrant.
The number of unique wallets buying NFTs this month has doubled from just 5 months ago (380k now vs 190k in Aug 2021), showing that interest in the space is booming — link
At an annualized energy draw of 89 TWh the Bitcoin mining network uses approximately 0.05% of the total energy consumed globally, measured at 162,194 TWh — coinshares
Digital asset investment products saw inflows for a second week totalling $19m last week, while small, it continues to suggest investors are beginning to cautiously add to positions at these depressed price levels — link
Total AUM for all aggregate exchange and OTC-traded products has fallen to $43.9bn, a decrease of 25.1% since December and an even further decline from the high of $74.7bn in October — link