Well, folks, it looks like NFTs had another thrilling year in 2024... if by "thrilling," you mean a complete nosedive into mediocrity. According to DappRadar's latest report, trading volume and sales hit their lowest point in four years. Who saw that coming? Oh right, everyone. Let’s break it down, shall we? NFTs started strong, riding the Q1 bull rally triggered by BTC spot ETFs getting approved in the U.S., peaking at a solid $5.3 billion in trading volume. But that lasted, what, a few months? By Q3, we were down to $1.6 billion—talk about a crash and burn. By the end of the year, we were at $13.7 billion in trading volume, which is still a 19% dip from 2023. Oh, and token sales? Yeah, those took a dive too—down 18% to 49.8 million. Classic. Now, if you’re new to the NFT game, let me bring you up to speed. Remember when NFTs were just speculative JPEGs getting sold for millions of dollars like Beeple’s $69 million “art” in 2021? Those were the glory days (or maybe just the biggest pump-and-dump of all time). But, as with all hype-based markets, the bubble eventually popped. Big surprise. But don’t worry! It’s not all bad news (for some). NFTs that actually do something useful are still alive and kicking. Like, actual in-game assets in gaming or NFTs that give you access to cool things, like a VIP pass to a concert or an exclusive event. Local governments are even getting in on the action—hello, Jeju Island’s NFT-based tourist card. Gotta keep those tourists coming somehow. Meanwhile, in DeFi land, things are actually looking up—sort of. DeFi saw a massive rebound, hitting $214 billion in total value locked (TVL) at its peak in December. All thanks to memecoins. Yes, you read that right—memecoins. Because nothing says "future of finance" like a coin named after a dog. 🙄 And hey, let’s not forget the dApp sector. Active wallets were up by 485%, thanks to AI dApps skyrocketing in popularity. But, of course, there’s always a catch: dApps lost a cool $1.3 billion in security breaches. So, you know, just a minor setback for the blockchain revolution. In conclusion, NFTs are like that friend who talks a big game, but when the time comes to show up, they’re MIA. Will NFTs make a comeback? Probably not in the way we imagined, but at least we still have gaming NFTs and tourist cards to keep the dream alive. Cheers to the next big thing (whatever that is). 🥂