The global NFT market capitalization is currently at $3.5 billion, a drop of 45% over the past 30 days.

According to CoinGecko data, the global NFT market capitalization plummeted from approximately $6.6 billion on October 5th to $3.5 billion on Wednesday, a drop of 45% in just 30 days. Although sales increased in October, briefly pushing up the floor price of blue-chip NFTs, the market remains sluggish.