NFT Sales Volume Collapse By 54% In May 2024

The post NFT Sales Volume Collapse By 54% In May 2024 appeared first on Coinpedia Fintech News

The NFT sales in May 2024 experienced a sudden decline of 54% as the global NFT market raised a trading sales volume of $625 million. According to Cryptoslam’s dashboard, the Bitcoin network is the biggest loser, with sales dropping by more than 71% over the last 30 days. Over the same period, Ethereum’s native NFT sales fell by more than 55%. Solana also dropped by 48% from the past month. The biggest NFT winner in May was the Ethereum L2, which saw sales surging by a remarkable 2,529%.