LooksRare Monthly NFT Trading Volume Flash Crashes 97% In October: What’s Next?

The monthly trading volume of LooksRare, a decentralized non-fungible token (NFT) and digital collectible marketplace, is down 97%, crashing from $71.9 million registered in September 2023 to just $2.1 million in October, Token Terminal data shared by Web3 Academy on October 26, via X shows. 
LooksRare’s Monthly Volume Tanking, Falls To $2.1 Million In October
The unprecedented drop in activity couldn’t be pinned on any particular LooksRare-related event when writing on Oct