MENU

Coins

Exchanges

Bitcoin (BTC)
$ 72,084.86 2,580.96 (% 3.71)
Ethereum (ETH)
$ 4,038.91 133.93 (% 3.43)
XRP (XRP)
$ 0.727106 0.113616 (% 18.52)
Binance Coin (BNB)
$ 519.52 -11.81 (% -2.22)
Tether (USDT)
$ 1.00 0 (% -0.12)
Litecoin (LTC)
$ 105.01 16.80 (% 19.04)
Cardano (ADA)
$ 0.774866 0.057416 (% 8.00)
Bitcoin Cash (BCH)
$ 443.57 17.63 (% 4.14)
Ethereum Classic (ETC)
$ 37.783474 1.333105 (% 3.66)
Stellar (XLM)
$ 0.15958 0.01918 (% 13.66)
Cosmos (ATOM)
$ 13.68 0.54 (% 4.14)
EOS (EOS)
$ 1.24 0.09 (% 8.19)
TRON
$ 0.133004 -0.001235 (% -0.92)
Tezos (XTZ)
$ 1.508825 0.086660 (% 6.09)
NEO (NEO)
$ 18.02 1.05 (% 6.18)
Dash (DASH)
$ 43.44 3.21 (% 7.99)
Holo (HOLO)
$ 0.003539 0.000008 (% 0.23)
Basic Attention Token (BAT)
$ 0.218578 -0.000524 (% -0.24)

NFT Marketplace Volumes Fell Further In August

The latest non-fungible token (NFT) marketplace data show that the summer volume doldrums continued through August.

NFT Marketplace Volumes Fell Further In August

The volume for this month is, as of August 24, $369.53 million, according to The Block's Data Dashboard. By contrast, NFT marketplaces saw approximately $675.43 million in volume during July.

OpenSea continues to hold its place as the dominant market leader, accounting for $303.47 million or roughly 82% of the month's reported volume activity. OpenSea's volume was $528.64 million in July. That month, OpenSea announced a round of layoffs, citing difficult market conditions.

Declines can be seen elsewhere across the NFT marketplace ecosystem. As of August 24, Solana-focused Magic Eden has seen $36.17 million in volume, compared to $87.44 million in July — a roughly 59% decline. LooksRare's volume for August is $13.51 million, compared to $30.55 million, representing a decline of about 56%. 

On-chain trading activity for Ethereum-based NFTs has trended downward since May as well, according to the Data Dashboard. 

 

Source: theblock.co