In the fourth quarter of 2024, the total NFT sales volume over unchanging X and unchanging ZKEVM increased by 55.3% quarter-over quartaal.
The last analysis of Messari turned out that the figure increased from $ 51.2 million to $ 79.5 million.
Market participation Plommets
Despite this growth, both the average daily sellers and buyers fell considerably, whereby daily sellers fell 43.0% from approximately 1,500 to 880 and daily buyers fall 38.1% from approximately 1,300 to 800. This suggests a shift to higher average transaction values in the midst of fewer market participants.
The increase in sales was mainly powered by a strong demand for Guild of Guardians Heroes and Avatars NFTS, which was good for more than 99% of the total NFT trading volume in the quarter. Most sales took place on unchanging ZKEVM, where Guild or Guardians NFTs are traded. Invertively ZKEVM also saw a significant increase of 73.3% in the average daily NFT sales volume, grow from around $ 484,000 in Q3 to $ 839,000 in Q4, which increased the share of the total sales volume increased to more than 97% in both chains.
In the same period, unchanging ZKEVM saw a decrease in user involvement after record heights in Q3. In fact, the average daily transactions fell by 21.1% quarter-over quarter, from around 595,000 in Q3 to around 469,000 in Q4. Similarly, the average daily active addresses fell by 23.8%, from around 267,000 to 204,000, and average daily new addresses fell by 29.8% to around 32,000 against the end of the quarter.
This decrease in activity reflected wider trends in the Gamefi market, which, according to Messari, probably reflects a cooldown after the increase in Q3 driven by popular game releases such as Guild of Guardians, Immortal Rising 2 and Illuvium.
During last year, the access of developers to ZKEVM gradually gradually expanded. In October, the platform deleted its more implemented list that made permissionless implementation of smart contracts and applications possible. This movement lowers the access barriers for developers and positions unchanging ZKEVM for increased developer activity in the coming months.
In Q4 2024, the average daily transaction costs on unchanging ZKEVM fell by 17.0% quarter-over quartaal, from around 574 IMX to 477 IMX. Messari attributed this decline to reduced network congestion, which was a result of lower transaction activity during the period. In order to improve the user experience, it has unchangingly implemented a policy in which it covers all gas costs for unchanging passport holders, which means that players are removed the need to pay gas costs and thus reduces the friction in the transaction process.
By the end of 2024, the total value (TVL) in decentralized finances (DEFI) fell on unchangingly unchanging to $ 13.8 million. This decline was probably due to a quarter-over quarte decrease in the price of the IMX token, which reduced the USD value of locked assets.
Measured in IMX, however, showed a positive trend, with almost 17% quarter-over quartaal to 10.33 million IMX, suggesting that the rise could have been driven by capital inflow despite the decrease in the USD value.
Immutable’s sec problems
On November 1, 2024, it was invariably announced that it had received a Wells knowledge from the US Securities and Exchange Commission (SEC) -An enforcement campaign with regard to the 2021 IMX -Token sale. Immutable expressed concern about the notification and released a statement that said it was issued with limited prior communication and minimal details.
The company then emphasized that the notification was delivered shortly after the first direct interaction with the securities regulators that raise questions about the timing and transparency of the process.
Fast forward to 2025, the SEC has concluded several of his crypto investigations, without enforcement costs arising from probes in OpenSea, Gemini, Robinhood Crypto and Uniswap. However, research into unchanging and other platforms such as Crypto.com and Unicoin are still underway.