Lost or forgotten your password? Please enter your email ddress. You will receive mail with link to set new password.
Ethereum has seen consistent drops in NFT sales volume since Jan.
NFT sales trend in July continues to remain low.
ETH had an NFT sales volume of roughly $722 million in June.
Deposit and make your first trade for up to $3,000 in rewards Get Started Now!
Ethereum non-fungible token (NFT) sales tumbled to a new high low in June due to the deepening bearish trends of the market that grew roots in May.
Ethereum is the most successful blockchain by all-time NFT sales volume, with total sales of approximately $28.73 billion. Be[In]Crypto shows the Ethereum chain had a sales volume which was in the region of $722.39 million in June.
Despite the crash in sales, Ethereum still commanded the lion’s share in volume when compared to Ronin, Solana, Flow, Polygon, WAX, Avalanche, Immutable X, Binance Chain, Palm, Tezos, Panini, Waves, Arbitrum, Cronos, Theta, Fantom, OEC, and Ziliqa.
However, this value was a 73% drop from the NFT sales volume in May. In May, NFT sales volume on the first smart contracts blockchain was about $2.75 billion.
NFTs were first launched on Ethereum in Oct 2015, three months after the launch of the chain.
The first project was called Etheria. It was launched and demonstrated at Ethereum’s first developer conference, dubbed DEVCON 1, in London.
Ethereum is home to some of the most successful digital collections such as Decentraland, CryptoPunks, The Sandbox, Bored Ape Yacht Club (BAYC), Mutant Ape Yacht Club (MAYC), Bored Ape Kernel Yacht Club (BAKC), CryptoKitties, Art Blocks, Otherdeeds, VeeFriends, Moonbirds, Meebits, Doddles, Azuki, CloneX, World of Women, and Cool Cats.
When you look at the decline in the number of unique buyers of the top NFTs housed in the chain’s ecosystem in June, the decrease in their respective sales volumes led to the falling transaction counts of digital collectibles in the blockchain, with 230,225 unique buyers, and 1,045,525 transactions.
In comparison to Jan 2022, which saw Ethereum reach an all-time high (ATH) in monthly sales volume, the unique buyers were 359,483, and this corresponded to 1,313,384 transactions. At its peak in Jan, Ethereum recorded around $4.05 billion in monthly sales volume.
After less than $1 billion in monthly sales for the first time since July 2021 ($410.08 million), it reached a new low in June, which was a $3.33 billion dip in sales from Jan.
Aside from sales volume, the average sale value of digital collectibles fell sharply. The average sale value for Jan was $3,083.15 and there was a 77% decline from this value to $690.93 in June.
As a writer, researcher, and analyst of centralized and decentralized financial instruments (stocks, commodities, metals, and cryptocurrencies), he started experimenting with financial asset trading in 2011. He ventured into full-time long term investing of cryptocurrencies in 2016.
Join our Telegram Group and get trading signals, a free trading course and daily communication with crypto fans!
Join Our Telegram
Stay tuned with daily newsletters that make reading the news simple and enjoyable
Make your first deposit and trade now to earn up to $3,000 in rewards!
Free Bitcoin Every 7 Days. YouHodler Crypto-Rewards with up to 11% APY.
Poloniex.com – Earn up to 30% staking rewards anytime with our mobile app
The Most Popular Crypto Casinos in the U.S.New York, New York --News Direct-- Crypto ThinkersWith the surging popularity of cryptocurrency,...