Data: PEPE's market value has surpassed the sum of most major NFT projects

According to ChainCatcher, Defiant reported that PEPE has a market value of $6.2 billion, while the cumulative value of the top 30 NFT projects is slightly over $4 billion.

According to the Dune dashboard, users who actively trade NFTs have also been on a significant downward trend. The total number of weekly traders on all NFT platforms plummeted from 201,000 in June 2022 to 24,300 today, but PEPE has soared tenfold in the past year.