NFT trading volume fell 74% in June
- July 18, 2022
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In June, total trading volume on NFT marketplaces reached $1.04 billion, compared to $4 billion in May. The 74% drop was the biggest monthly drop, according to The
In June, total trading volume on NFT marketplaces reached $1.04 billion, compared to $4 billion in May. The 74% drop was the biggest monthly drop, according to The Block.
The second largest decline in trading volumes was recorded between February and March – 48%.
The segment is dominated by OpenSea with June trading volume of $696 million, accounting for 67% of the total. Next comes LookRare with a share of about 20%.
Since the beginning of 2022, the Magic Eden NFT market powered by Solana has increased its market presence from 0.1% to over 10% in total trading volumes.
This came during the integration of the Solana blockchain by leading OpenSea in April.
Recall, in July, he announced that 20% of his employees were down in his largest marketplace.
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Source: Fork Log
I’m Sandra Torres, a passionate journalist and content creator. My specialty lies in covering the latest gadgets, trends and tech news for Div Bracket. With over 5 years of experience as a professional writer, I have built up an impressive portfolio of published works that showcase my expertise in this field.
