NFT trading volume continued to decline in August
- August 26, 2022
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According to The Block, in less than August, non-tradable token (NFT) trading volume stood at $369.53 million, compared to $675.43 million for the full month of July. The
According to The Block, in less than August, non-tradable token (NFT) trading volume stood at $369.53 million, compared to $675.43 million for the full month of July.
The OpenSea platform maintained its lead among the NFT markets, with $303 million (about 82%) in August and $528 million in July. The closest competitors are LookRare, Magic Eden and Solanart.
Previously, the trading volume of the CryptoDickbutts NFT collection skyrocketed by 770%.
Despite the bear market, the Bored Ape Yacht Club #5383 gold token was sold for 777 ETH (approximately $1.5M at the time of the deal).
Recall that fashion brands Dolce & Gabbana, Tiffany, Gucci, Adidas, and Nike made a total of about $260 million from the sale of non-exchangeable tokens.
Elliptical analysts estimate that scammers have stolen over $100 million in NFT in the 12 months since July 2021.
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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.
