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Data: In July, the US Dollar Transaction Volume of NFTs on the Opensea Ethereum Chain May Fall by 25%, but Both User Volume and Transaction Volume Rebound

By WebsCryptoJuly 31, 20221 Min Read
Data: In July, the US Dollar Transaction Volume of NFTs on the Opensea Ethereum Chain May Fall by 25%, but Both User Volume and Transaction Volume Rebound
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According to data from on-chain analytics platform Dune Analytics, so far in July, Ethereum ETH -2.57% NFT dollar transaction volume is worth more than $495 million, compared with $695 million in June, a 29% decrease from the previous month.

If the recent trend of daily average transactions continues, OpenSea could end the month with about $530 million in ethereum transactions, down nearly 24% month-on-month.

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However, the number of users of NFTs on OpenSea increased slightly in July, with the number of unique traders rising slightly to more than 400,000 from nearly 393,000 in June.

Additionally, OpenSea sold about 1.61 million NFTs on the Ethereum blockchain, compared to 1.54 million for the whole of June.

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DISCLAIMER: The information provided by WebsCrypto does not represent any investment suggestion. The articles published on this site only represent personal opinions and have nothing to do with the official position of WebsCrypto.
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