Crypto Blog
Cryptoslam data indicates that the initially strong NFT market is now recording a downward momentum, having declined in critical metrics, including sales volumes, unique sellers, and buyers.from Cryptoslam, the NFT market experienced a significant decline in monthly volumes during Q2 compared to the first quarter of 2024. Sales volumes in Q2 fell by 45% quarter-on-quarter.$4.1 billion, a substantial increase from the $2.9 billion recorded in Q1 2023.
In May, sales volumes were just above $616 million, representing a drop of over 50% from April’s $1.2 billion.
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