While there have been over 645 NFT projects launched since June - an average of almost 7 drops every day for the previous three months – the typical NFT project earns 10.2 ETH, or $33,000. Only 24% of revenues travel to centralised or decentralised exchanges, indicating that those funds may be "cashed out." This data, according to Loon, indicates that the NFT market is in good shape.