According to 30-day statistics, NFT sales recorded last month saw a settlement of just over $4.6 billion, but today we see a 65.43% drop in NFT sales, to $1.59 billion The NFTs are the most popular type of token in the world. Additionally, interest in NFTs has dropped to its lowest since the first week of October 2021, according to Google Trends data.
From $4.6 billion to $1.5 billion – NFT sales remain more than 65% lower than the previous month
Over the past two years, non-fundable tokens (NFTs) have become a very popular and relatively short-lived billion-dollar industry. Recently, however, NFT interest and sales have been significantly reduced, with monthly NFT sales indicators showing a gradual decline over the past several months.
For example, 30-day NFT sales statistics from the analytical web portalcryptoslam.ioreveal a 65.43% decrease in NFT sales since last month. While $4.6 billion in NFT sales were recorded on 17 different blockchains last month, only $1.59 billion in NFT sales were settled in the past 30 days.
NFT sales attributed to the Ethereum blockchain were the most dominant, earning $1.31 billion of the $1.59 billion settled. However, ETH-based NFT sales were down 67.99% with 250,925 buyers and 1,047,363 transactions.
Many other blockchains saw polygon NFT sales decrease by 70.86%, Ronin non-fusible token sales decreased by 70.26%, wax blockchain NFT sales decreased by about 43.89%, Avalanche non-fusible token sales decreased by 91.43%. decrease, indicating a significant decline in NFT sales over the past 30 days.
Palm-based NFT sales are down 60.59%, Cronos is down 76.09% in non-fusible token sales, and Arbitrum NFT sales have slid 66.74% since last month. The top NFT collection last month by overall sales volume was Otherdeed with $143,562,582 in sales, but this metric is down 82.25% from the previous month.
Bored Ape Yacht Club (BAYC) was the second largest NFT collection in terms of sales with $119 million. However, BAYC’s overall NFT sales were down 62.44% from the previous month. Of the top five, only the Azuki and Goblintown NFT collections were the only projects to rise for 30 days.
Goblintown posted no sales in the previous month, while Azuki rose 31.56%; Mutant Ape Yacht Club also made it into the top five, but its 74.5 million sales were down 76.77% from the previous month.
Otherdeed, Bored Apes dominated last month’s most expensive NFT sales – Google Trends data shows NFT interest at its lowest point since October 2021
Worldwide Google Trends (GT) data shows that this week, the search term “NFT” slid to its lowest point since the first week of October 2021 Statistics for the week of May 29 to June 4 show that the search term “NFT” dropped to 23 out of 100 points The number of searches for “NFT” has dropped to 23 out of 100. At least according to GT’s query metrics, the last time NFT interest was this low was the week of October 3 through October 9; “NFT” scored as high as 100 the week of January 16 through January 22, 2022, but search interest has been falling since that date.
Three of the top five NFT sales over the past 30 days were attributed to the Otherdeed collection: otherdeed #17,164 with 601 ets, $1.14 million; otherdeed #66,813 with 303 ets, $776,000; and Otherdeed #55,197 sold for 214 ether, $563,000.
Other NFTs included in last month’s most expensive NFT sales included Ken Hicks (token ID: 6,908) sold for 332.52 ether or $849K and Bored Ape #1,725 sold for 250 ether or $584K. 30 days Of the top 20 most expensive NFTs sold within, 18 are from Otherdeed and BAYC NFT compilations while other collections include Clonex and Ken Hicks.
Image credits: Shutterstock, Pixabay, Wiki Commons