NFT Trading Volume Sinks to November 2022 Lows

IconCryptoNewsTerminal Staff29 Jul, 2024

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NFT Trading Volume Sinks to November 2022 Lows

The monthly trading volume for non-fungible tokens (NFTs) has reached its lowest point since November last year, according to data from CryptoSlam. In June, the market saw a mere $393 million in NFT trades, a significant drop from the previous quarter's $2.24 billion. This represents a 50% decrease in sales volume and highlights the ongoing challenges faced by the NFT market.