in a nutshell
- 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.
- Data show that NFT trading across the Solana market has cooled so far in July compared to June.
Monthly data from above as July approaches the end NFT market High seas suggesting that Ethereum NFTs still sell at about the same rate. crypto bear market, Sales and number of unique users are both relatively stable compared to June. However, the total US dollar value of his NFT sold fell sharply again.
Data from analytics platforms 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.
The value measured in US dollars fell, despite a slight increase in users trading on OpenSea in July and the purchase of more collective NFTs across NFTs. Dune shows that in June he had more than $ 495 million in Ethereum NFT volume so far in July, compared to $ 695 million.
At the time of this writing, sales in US dollars were down 29% month-on-month. If the recent daily trading trend continues, OpenSea can end the month with an Ethereum trading volume worth about $ 530 million. This shows a decrease of almost 24% from the previous month.Compare it with 73% decrease from the previous month From May to June Crypto Market Crash I took it.
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 trading volume for the entire 2021, added nearly $20 billion more organic trade value (excluding Suspicion of “disguised trading”) 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 almost 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 trading volume. Rival marketplaces LooksRare and X2Y2 are known for hosting. Mass wash transactionsor non-organic NFT transactions at artificially inflated prices between linked wallet To earn transaction fees.
We won’t be able to fully explain July’s overall NFT market trends until the end of the month, but OpenSea’s current NFT sales and user numbers, albeit at much lower average prices than they used to be, are showing people It shows that we are still buying and selling NFTs at a constant rate. this year.
Additional data from analytics platforms crypto slam It shows that 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, including May’s $2,436 and April’s $3,109. However, this could have something to do with the price drop of ETH, similar to the price of individual NFTs. 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 is clearly slowing significantly over Ethereum. CryptoSlam shows that the value of Solana NFT trading so far in July is $ 52.4 million, compared to his $ 91.5 million for the entire June. Based on current data, it’s a decrease of about 43%, but with the addition of data for the remaining months, that percentage should decrease.
As of now, the site has shown about 1.45 million NFT sales on Solana so far this month, compared to 1.56 million for the entire month of June, compared to about 136,000 unique buyers last month. was less than 110,000. According to CryptoSlam, the average selling price of Solana NFTs has fallen from $212 in May to under $59 in June and around $36 so far in July. However, like ETH, Solana’s native SOL cryptocurrency was trading at nearly double its current price in May.
According to the site, the top of the NFT collection for the last 30 days Boad Ape Yacht Club with a trading volume of over $52 million, followed by CryptoPunks $ 49 million and fantasy soccer NFT game Stray For almost $ 33 million.Outside NBA top shot upon flowThe entire Top 20 consists of Ethereum-based NFT projects.
