In August, non-fungible token sales fell to $374 million, down 76% from the year's highest monthly total of $1,6 billion in March.
The first quarter of 2024 was successful for the market NFT, as trading volume from January to March was $4,1 billion. However, the following months were not as successful. In the second quarter, the figure fell by 45% to $2,24 billion. In July, NFT on $ 427 million
There was some uptick in sales in the last week of August. NFT, but he was no longer able to correct the situation. The total number of transactions in the last month of summer was 7,3 million. This is 31% less than in July, when the number of transactions with non-fungible tokens exceeded 10,7 million.
The average selling price NFT increased by 27%, jumping from $39,93 in July to $50,74 in August. During the last days of the month, this figure increased to $86,04 per transaction.
According to many experts, the holders NFT are shifting their funds from non-fungible tokens to memecoins. For example, this is the opinion of Calaxy co-founder and CEO Solo Sesay. And Andreas Brekken, founder of the trading platform SideShift.ai, said that NFT "will soon be reset."
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Journalist-copywriter. Experience working with cryptocurrency topics since 2020.
