According to Nansen analysis data, the ETH transaction volume of Ethereum ETH -0.42% NFTs has dropped by 55% in the past month, from 1.3 million to 584,000. If denominated in US dollars, the transaction volume has dropped from less than US$2.6 billion to US$672 million. a drop of 70%.
Ethereum’s price has fallen by about 43% over the past month, but “blue chip” NFT prices have not risen and floor prices have stagnated (the exception is CryptoPunks, which rose 48%). According to CryptoSlam data, the average selling price of NFTs on the Ethereum chain fell to $703 from $2,463 in May, a drop of 71%.
However, the sales volume of NFTs in the current bear market has remained stable. In May, OpenSea sold 1.478 million NFTs on its platform. As of June 29, the monthly sales of NFTs was about 1.476 million, which means that the sales volume of NFTs is about 1.476 million in May. In comparison, it is likely that more NFTs were actually sold in June.
