Ethereum-based NFTs on OpenSea just saw its highest sales volume since May. Monthly sales volume across OpenSea, however, is at its lowest level this year. After suffering a severe decline in interest, Ethereum-minted NFTs on OpenSea clinched the highest monthly sales volume since May, data from Dune Analytics showed. With 696,908 Ethereum-based NFTs sold on […]
a 4% uptick in sales volume across OpenSea in the last week, an assessment of monthly sales volume across the leading marketplace revealed a decline., since April, monthly sales volume on the OpenSea marketplace has fallen by 95% and might close the year at its lowest level since June 2021.As tightening conditions in the broader financial markets foisted a decline in the general cryptocurrency market, profile pictures NFTs suffered a significant decline in investors’ interest.
The drop in interest exhibited itself through a significant decline in sales volume, count of NFTs sold, etc., across leading NFTs marketplaces., the market capitalization of the NFT ecosystem fell by 13%. As of 24 December, this stood at $21.77 billion. Interestingly, with a plethora of NFT projects launched during the year, sales volume grew by 44.87% this year. As of this writing, NFTs sales volume across all marketplaces stood at $21.92 billion.
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