Despite having a lesser sales volume, NFTs showed a 73% increase in transactions recorded in July.
Non-fungible tokens (NFTs) are poised to reach their lowest monthly sales volume since November 2023.
On July 29, data tracker CryptoSlam reported that the monthly volume of digital collectibles had reached $393 million. With NFTs experiencing a daily volume of less than $14 million, July may turn out to be the lowest or second-lowest month for this asset class this year.
In June 2024, NFTs’ monthly sales volume recorded an w-month low, having only $450 million in sales. This marked the asset class’ lowest monthly record since November 2023.
