DappRadar Report Shows Decline in NFT Trading Following SVB Crash

DappRadar Report Shows Decline in NFT Trading Following SVB Crash


Bitcoinist
2023-03-17 17:00:55

Three cases of bank collapse have recently occurred and impacted the NFT market. These banks include Signature Bank, Silvergate, and Silicon Valley Bank. This event resulted from strict regulations, an economic downtrend, a liquidity crunch, and failure to meet customers’ withdrawal requests. Following the recent collapse of the digital bank Silicon Valley Bank (SVB), DappRadar