Leading marketplace OpenSea has recorded a slight month-over-month increase in the total number of NFTs sold and the number of unique users. However, overall US dollar sales volume is declining.
The data suggests that NFT trading across the Solana marketplace has cooled so far in July compared to June.
July is coming to an end, and the data from the beginning of the month is from the top NFTs market high seas suggests that ethereum NFTs still sell at about the same rate. crypto bear market, sales, and the number of unique users are relatively stable compared to June. However, the total USD value of his NFTs sold has dropped significantly again.
Data from analytics platforms sand dunes About 1.61 million Ethereum NFTs have been sold on OpenSea so far, compared to 1.54 million for the entire month of June. His number of unique traders increased slightly from about 393,000 in June to over 400,000 in July.
Despite a slight increase in users trading on OpenSea in July and the purchase of more collective NFTs across NFTs, the value measured in US dollars fell. Dune shows that Ethereum NFT volume so far in July is worth more than his $495 million, compared to $695 million for the entire month of June.
At the time of writing, this is a 29% month-over-month decline in sales volume measured in US dollars. If recent daily trading trends continue, OpenSea could end the month with Ethereum trading volume worth around $530 million, a nearly 24% month-on-month decline.in comparison with 73% decrease m/m From May to June when the crypto market crash took hold.
NFTs are blockchain tokens that represent ownership of items, including digital goods such as artwork, profile pictures, and collectibles.market generated $25 billion According to DappRadar data, equivalent to full 2021 trading volume, added nearly $20 billion more Value of organic trade (excluding Suspected “wash trade”) until the first half of 2022.
OpenSea is not the only marketplace in the Ethereum space, but it is the largest in terms of organic trading volume, accounting for about 82% of that figure in the week ending July 25th. dune dashboard.
It usually provides a good sense of trading trends on Ethereum, NFT’s largest blockchain network in terms of transaction volume. Rival marketplaces LooksRare and X2Y2 are known for their hosting. high volume wash tradesor non-organic NFT transactions at artificially inflated prices between linked wallet To earn trading rewards.
We won’t have a full story on July’s overall NFT market trends until the end of the month, but OpenSea’s current NFT sales and user numbers show that despite much lower average prices than before, people suggests that are still buying and selling NFTs at stable rates. this year.
Additional data from analytics platforms crypto slam It shows the average USD selling price per Ethereum NFT across marketplaces so far this month is $451, compared to $691 in June. Both figures are significantly lower than last month, with May’s $2,436 and April’s $3,109. However, it may have as much to do with the price drop of ETH as it does with individual NFT prices. ETH he was trading above $3,000 in April and is now down to around $1,700.
Meanwhile, NFT trading activity on the Solana blockchain platform has apparently slowed significantly more than on Ethereum. CryptoSlam shows that Solana NFT deals so far in July are worth his $52.4 million, compared to his $91.5 million for the entire month of June. Based on current data, it’s a decrease of about 43%, but that percentage should decrease as data for the remaining months are added.
So far, the number of NFTs sold on Solana is around 1.45 million this month compared to 1.56 million for the entire month of June, less than 110,000 compared to nearly 136,000 unique buyers last month. of unique buyers. According to CryptoSlam, the average selling price of Solana NFTs has dropped from $212 in May to just under $59 in June and around $36 so far in July, according to CryptoSlam. However, like ETH, Solana’s native SOL cryptocurrency was trading at nearly double its current price in May.
According to the site, the top NFT collection in the last 30 days is Boad Ape Yacht Club with a trading volume of over $52 million, followed by Cryptopunks $49 Million Fantasy Soccer NFT Game Stray About $33 million.outside of nba top shot upon flowthe entire Top 20 consists of Ethereum-based NFT projects.
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