NFTs saw a sharp decline in August 2024, with monthly sales dropping to $374 million—the lowest this year.
Non-fungible tokens (NFTs) sales recorded a $374 million monthly volume in August, continuing a downward trend and recording its lowest monthly sales in 2024. This marks the first time digital collectibles recorded a volume below $400 million this year.
NFTs’ highest monthly sales versus lowest monthly sales in 2024. Source: CryptoSlam
Data from NFT tracker CryptoSlam shows that digital collectibles only had monthly sales of $374 million in August 2024. Unlike its highest monthly record in 2024, which was $1.6 billion in March, NFTs’ current monthly volume represents a 76% drop.
