Ethereum NFT Sales Tumble More than $3B in 2022 Low

2022-7-18 17:00

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. 

Source: Ethereum NFT Sales Chart for June 2022 by CryptoSlam

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.

Source: Ethereum NFT Sales Chart of May 2022 by CryptoSlam         New to Ethereum NFTs? 

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. 

Why the drop in sales? 

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. 

Source: Ethereum NFT Sales Chart of Jan. 2022 by CryptoSlam

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.

The post Ethereum NFT Sales Tumble More than $3B in 2022 Low appeared first on BeInCrypto.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Ethereum (ETH) на Currencies.ru

$ 3786.16 (-0.32%)
Объем 24H $37.338b
Изменеия 24h: 3.04 %, 7d: 31.22 %
Cегодня L: $3742.05 - H: $3817.91
Капитализация $454.822b Rank 2
Цена в час новости $ 1470.04 (157.55%)

nft low sales ethereum 2022 tumble may

Источник: beincrypto.com

nft low → Результатов: 29


BNBMatrix: A BSC Based Yield Farming Dapp Offering up to 17% Daily ROI

Since its launch in September 2020 as a parallel platform by Binance, Binance Smart Chain (BSC) has been making its presence felt in multiple financial technology markets. With its low transaction fees, fast processing speeds, and compatibility with Ethereum Virtual Machine, it is offering an unbeatable user experience to NFT, Dapp, and DeFi developers.

2021-11-10 21:47


The World’s First Resort NFT Raises $3.65 Million, Giving Holders Perks

LABS Group, an end-to-end blockchain property investment platform, has successfully raised $3,650,000 for Kunang Kunang Resort using NFT. Kunang Kunang Glamping Resort is the world’s first-ever community-owned project fractionalized into Rewarding Timeshare (RTS) NFTs, transforming the way investors build their diversified portfolio, with access to diverse assets, low transaction costs and the ability to trade 24/7.

2021-8-7 12:03


Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

FIFA Launches NFT Collection on Algorand (ALGO)

The global governing body for football, FIFA, is launching a non-fungible token platform on Algorand. The post FIFA Launches NFT Collection on Algorand (ALGO) appeared first on BeInCrypto.

Most NFT Issuers Retain Ownership Rights, Study Reveals

Most non-fungible tokens give those who purchase them no ownership rights to the underlying media, a recent study revealed.  The post Most NFT Issuers Retain Ownership Rights, Study Reveals appeared first on BeInCrypto.