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NFT market sales drop by over 50% – Popular NFT collection trading volume zero – market update bitcoin news

The first week of NFT sales in September has been a terrifying first week, following a surge in non-fungible token (NFT) sales in the month of August. Figures show the number of sales in mid-August hit a high of 193,693, but sales dropped 86% to 27,053 on September 10. Metrics from the most used marketplaces show that volumes declined significantly after the same drop. four days.

NFT sales and trading volume decline

September hasn’t been the best month for NFTs and sales in the region so far. Last month, the non-fungible token (NFT) markets saw record sales and several individual NFTs from the hottest collections sold for top dollar.

According to nonfungible.com’s market history, on August 16, 193,693 sales were settled and the number subsequently fell 62% to 73,154 sales on August 22. However, sales rose 88% from 73K sales on August 30 to 138,109 sales and since then, sales have declined from Friday’s 27,053 sales on September 10.

OpenC volume down more than 50%, popular NFT collection volume down 80%

Dappradar.com metrics show that the most popular NFT marketplace, Opensea, has lost 52.47% in terms of volume during the past seven days. Opensea sales still increased by $639.6 million during the past week, but NFT merchants also lost about 6%.

The Foundation has lost 22% in volume and Rarible 28% in volume over the past seven days. On September 11, 2021, Tezo’s NFT market called Hic et nunc is down by 26% and Superrare.co has a 67% drop in volume. Interestingly, the volume of Decentraland increased by 17% last week and the VAX blockchain atomic market was up 1.44% this week.

NFT collections have also suffered this week when several top NFT collections saw significant sell-offs in the past month. Data from Dappradar for seven days shows that Axie Infinity’s NFT trade volume dropped by 0.85% to $147 million.

NFT volume from loot (for adventurers) collection fell over 80% during the last seven days. Bored Ape Yacht Club (BAYC) lost 46% and Cryptopunks lost 61% in volume during the past week.

What do you think about the decline in non-fungible token (NFT) sales and trading volume after the record sale in August? Let us know what you think about this topic in the comment section below.

Tags in this story

Art Blocks, Atomic Markets, BAYC, Bored Ape Yacht Club, Cryptopunks, Hic et Nunc, Loot for Adventurers, NFT Market Update, NFT Markets, NFTs, Non-Fungible Tokens, Opensea, Opensea Market, Rarible, Sales, Superrare, Volume Wax blockchain

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