Monthly NFT sales fall below $400M, marking yearly low
NFTs saw a sharp decline in August 2024, with monthly sales dropping to $374 million the lowest this year.
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NFTs saw a sharp decline in August 2024, with monthly sales dropping to $374 million the lowest this year.
NFT sales volumes have rebounded across major blockchains, and Polygon has taken the lead with a 123.20% increase.
Despite having a lesser sales volume, NFTs showed a 73% increase in transactions recorded in July.
A Pudgy Penguins character integrates into Pixelverse, joining characters like Doge from Dogecoin and Mew from the Solana memecoin MEW.
Several PolitiFi and animal-themed memecoins continued to soar in the second quarter despite the broader market downfall, which NFTs were a part of.
Bitcoin-based NFTs recorded a sales volume of $148 million in the last 30 days, according to CryptoSlam.
NFT sales dropped from $1 billion in April to $624 million in May, with Bitcoin, Ethereum, and Solana-based digital collectibles significantly declining.
The slump in the broader crypto market seems to also be affecting the NFT market, as sales volume for NFTs dropped by 4.38% in the last seven days to $93.6 million. Data from leading NFT analytics platform CryptoSlam showed a further decline in NFT sales volume from the previous week’s drop to $102.8 million. Sharp […]
The number of Bitcoin Ordinal inscriptions on the blockchain is nearing 19 million, a trend that has continued for the past 218 days since December 16, 2022. Statistics indicate that miners have accrued roughly 1,847.66 BTC in fees, worth about $55.29 million, confirming the millions of Ordinal inscriptions. Bitcoin’s Ordinal Inscriptions Near 19 Million As [...]
The post Ordinal Inscriptions Approach 19 Million Amid Stagnant Fees, Bitcoin NFT Sales Drop appeared first on Crypto Breaking News.
Eight of the top 10 NFT projects have posted at least a 115% increase in 24-hour trading volume as the floor prices of many top NFT collections tumble.
Kraft's NFT and Metaverse trademarks cover a long range of potential services including a virtual restaurant where users can earn rewards and virtual assets.
There were 796,009 NFT buyers on secondary markets in Feb, accounting for roughly $2.6 billion worth of sales. The figures mark significant declines compared to the record month before.
CryptoSlam ranks Solana as the fourth-best NFT blockchain behind Ethereum, Ronin and Wax in terms of 24-hour sales volume.
Pudgy Penguins, LilPudgys, Azuki and Doodles topped last weeks charts as the best-performing collections.
NFTs had a monthly sales volume of over $562 million in November, surpassing Octobers record of $356 million.
NFTs recorded a monthly sales volume of $356 million in October, an 18% increase from the September record low.
The Ethereum network led the week with $67 million in NFT sales, while Bitcoin-based NFTs recorded $60 million in sales over the last seven days.
NFT sales volumes for the week ending Oct. 6 hit nearly $85 million, the biggest selling week for NFTs since the end of August.
Despite the broader crypto market being bullish in the past few days, the NFT industry has been battered by a sharp decrease in revenue across the board. According to CryptoSlam, NFTs sales volume dropped by nearly 31% since last month. This has been in complete contrast to the crypto market which regained lost ground from [...]
The post NFT Industry Hit Hard In March With 31% Decline In Revenue – Here’s Why appeared first on Crypto Breaking News.
While non-fungible token (NFT) sales witnessed a substantial increase in May, demonstrating significant progress, recent data indicates that NFT sales have soared by 39.35% within just the last week alone. Furthermore, sales figures for the trailing week demonstrate that the Bitcoin blockchain maintains its rank as second in weekly sales volume. Ethereum Dominates NFT Market [...]
The post NFT Sales Climb 39% in One Week, While Bitcoin NFT Sales Maintain Rapid Momentum appeared first on Crypto Breaking News.
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