The sales volume that is not disturbed by the token (NFT) has dropped to $ 91.96 million in the first week of September, setting the lowest weekly sales sales since mid -June, according to data from NFT tracker Cryptoslam.
The nft sales dip last week Following Long momentum for NFTs throughout July and August. During the last eight weeks, the weekly sales volume for digital collectivity never dropped below $ 115 million, showing a strong momentum.
From July 21 to 27, digital collectivity saw $ 170 million in weekly sales. It marked their third highest weekly performance this year, following the highest weekly number of over $ 170 million recorded in mid -January.
Last week’s NFT collapse put sales volume near the levels last seen on June 16 to 22, when sales hit low $ 90 million.
Unique NFT buyers have dropped 58% since mid -June
While NFT’s sales volume were less from June 16 to 22, the number of unique buyers close to 487,264, suggesting that collectors remain interested in buying NFTs despite the lower average sales values that go to a low $ 57.
From September 1 to 7, unique buyers for the NFT hit 199,821, a 58% collapse compared to their record in mid -June. On the other hand, unique sellers dropped to 145,877 last week, a 43% decline from 258,803 sellers from June 16 to 22.
In addition to a backdrop of the number of buyers and sellers, the average sales prices began to collapse. Over August, the average sale value for NFTs was over $ 104 before sinking in the last week of August to $ 82. In the first week of September, the figure dropped further to $ 72, a 30% decline in just two weeks.
Despite the lower volume, the overall transaction count remained relatively high to 1.27 million, suggesting ongoing trading activity despite the smaller size of the transaction.
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The adoption pushed a strong NFT sales in July and August
Last Friday, Dappradar’s analyst Sara Gherghelas has been linked to the strong NFT presentation in the last two months to Increasing NFT adoption.
He brought the opening of a permanent NFT Art Gallery inside a club in Ibiza, an island near Spain. The gallery shown works from NFT artists such as Beeple and Mad Dog Jones.
Another key drive is base, the layer-2 network of the crypto exchange Coinbase. In August, the base became Third-largest chain by 30-day volume.
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