NFT Market Loses Blood: Big Drop in Sales Volumes! - Coinleaks
Current Date:September 18, 2024

NFT Market Loses Blood: Big Drop in Sales Volumes!

NFTs, which trended with the bull market in the last months of 2021, provided tremendous profits to many investors. Greater interest in digital artworks, NFT had caused its prices and sales to reach astronomical figures. However, new trends such as the calm cryptocurrency market and artificial intelligence are negatively reflected in NFT metrics.

According to data from market tracker CryptoSlam, the volume of NFTs sold on major blockchain networks has dropped drastically in the past 30 days. The sales volume of the market-leading Ethereum (ETH) network decreased by 40% during this period to $ 250 million.

On Polygon (MATIC), which comes after Ethereum, NFT sales are down 22%, while Solana is in third place with a loss of 53.91%. Among the top 8 networks, Mythos Chain was the only network whose sales volume increased. Mythos-based sales increased 29% in the last 30 days to $25 million.

BAYC Captures Leadership in NFT Sales!

The collection created on the network in question while Mythos stands out in monthly sales DMarket took the lead. DMarket sales increased by 29.14%, surpassing the market leader Bored Ape Yatch Club.

BAYC sales, on the other hand, fell 21.94% month-on-month. According to current figures, the most popular NFT collections are as follows:

  1. DMarket
  2. Bored Ape Yacht Club
  3. Gods Unchained
  4. DeGods
  5. DraftKings