Ethereum NFT Trading Volume Falls By 70% in June—But Number of Sales Steady - Aliens: AI Crypto News & Markets Updates
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Ethereum NFT Trading Volume Falls By 70% in June—But Number of Sales Steady

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Decrypt

Wed, Jun 29, 2022

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The total volume of Ethereum NFT trades has declined by 55% in the past month, from 1.3 million ETH to just 584,000 ETH, according to Nansen data.

Per CryptoSlam data, the average sale price for an Ethereum NFT went from $2,463 in May to just $703, a 71% decrease.

In June, 1.476 million were sold as of Wednesday, meaning it’s quite possible more NFTs will actually be sold this month compared to the month of May. May’s numbers were also heavily propped up by Yuga Labs’ Otherside NFTs, which saw $561 million traded within 24 hours.

The number of weekly active NFT projects seeing sales hasn’t declined much either, according to Nansen data.

Compared to last month, the same number of NFT collections—three—are seeing more than 10,000 sales.

This means NFT creators, especially in collections with the highest market caps, are still seeing sales.

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