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Data: NFT Trading Volume Reaches $530 Million in July
Summary: According to DappRadar data, NFT trading volume surged by 96% in July, reaching $530 million. However, the total number of transactions decreased by 4%, with only 5 million NFTs changing hands that month. This trend indicates a significant shift in buyer behavior, with fewer NFTs being traded but at significantly higher prices. Additionally, the average ...
According to DappRadar data, NFT trading volume surged by 96% in July, reaching $530 million. However, the total number of transactions decreased by 4%, with only 5 million NFTs changing hands that month. This trend indicates a significant shift in buyer behavior, with fewer NFTs being traded but at significantly higher prices. Additionally, the average selling price of NFTs more than doubled, rising from $52 in June to $105 in July.
