Data: PEPE's market capitalization has surpassed the total of most major NFT projects

ChainCatcher news, according to Defiant, PEPE's market capitalization is $6.2 billion, while the cumulative value of the top 30 NFT projects is slightly over $4 billion.

According to the Dune dashboard, the number of users actively trading NFTs has also been on a significant decline. The total number of weekly traders across all NFT platforms plummeted from 201,000 in June 2022 to 24,300 today, but PEPE has surged tenfold over the past year.