{"id":12021,"date":"2021-09-12T14:54:02","date_gmt":"2021-09-12T14:54:02","guid":{"rendered":"https:\/\/www.buyucoin.com\/crypto-labs\/nft-market-sales-drop-by-more-than-50-popular-nft-collection-trade-volumes-nosedive\/"},"modified":"2021-09-12T14:54:02","modified_gmt":"2021-09-12T14:54:02","slug":"nft-market-sales-drop-by-more-than-50-popular-nft-collection-trade-volumes-nosedive","status":"publish","type":"post","link":"https:\/\/www.buyucoin.com\/crypto-labs\/nft-market-sales-drop-by-more-than-50-popular-nft-collection-trade-volumes-nosedive\/","title":{"rendered":"NFT Market Sales Drop by More Than 50% \u2014 Popular NFT Collection Trade Volumes Nosedive"},"content":{"rendered":"

After non-fungible token (NFT) sales soared during the month of August, the first week of September\u2019s NFT sales has been awful. Statistics show the number of sales in mid-August tapped a high of 193,693 sales but plummeted 86% to 27,053 sales on September 10. Metrics from the most used marketplaces show that volume has slid considerably following the same fallout cryptocurrency market have felt during the last four days. <\/strong><\/p>\n

NFT Sales and Trade Volumes Plummet<\/h2>\n

So far, September has not been the best month for NFTs and sales in this space. Last month, non-fungible token (NFT) markets saw record sales and a number of individual NFTs from the hottest collections sold for top dollar.<\/p>\n<\/p>\n

According to nonfungible.com<\/a>\u2019s market history, on August 16, 193,693 sales were settled and that number subsequently fell 62% to 73,154 sales on August 22. However, from 73K sales spiked 88% to 138,109 sales on August 30 and ever since then, sales have been on a free fall to Friday\u2019s 27,053 sales on September 10.<\/p>\n

<\/p>\n

Opensea Volumes Drop More Than 50%, Popular NFT Collection Volumes Slide 80% Lower<\/h2>\n

Dappradar.com<\/a> metrics show that the most popular NFT marketplace, Opensea, has suffered a loss of 52.47% during the last seven days in terms of volume. Opensea still pulled in $639.6 million in sales during the last week but also lost around 6% of NFT traders.<\/p>\n<\/p>\n

Foundation\u2019s volume is down 22% during the last seven days and Rarible\u2019s volume slid 28%. Tezo\u2019s NFT market called Hic et nunc has lost 26% and Superrare.co\u2019s volume is down 67% on September 11, 2021. Interestingly, Decentraland\u2019s volume jumped by 17% this past week and the Wax blockchain Atomic Market rose by 1.44% this week.<\/p>\n<\/p>\n

NFT collections have suffered this week as well when last month many of the top NFT collections saw significantly-sized sales. Seven days statistics from Dappradar show Axie Infinity\u2019s NFT trade volumes have decreased by 0.85% to $147 million.<\/p>\n

The NFT volumes from the Loot (for Adventurers) collection slid by more than 80% during the last seven days. Bored Ape Yacht Club (BAYC) dropped 46% and Cryptopunks volumes dipped by 61% during the last week.<\/p>\n

What do you think about non-fungible token (NFT) sales and trade volumes plummeting after August\u2019s record sales? Let us know what you think about this subject in the comments section below.<\/strong><\/em><\/p>\n

Bitcoin News
\nMarket Updates, Art Blocks, Atomic Market, BAYC, Bored Ape Yacht Club, cryptopunks, Hic et Nunc, Loot for Adventurers, NFT Market Update, NFT Markets, NFTs, Non-fungible tokens, Opensea, Opensea Market, Rarible, sales, Superrare, Volumes, Wax Blockchain<\/p>\n","protected":false},"excerpt":{"rendered":"

After non-fungible token (NFT) sales soared during the month of August, the first week of September\u2019s NFT sales has been awful. Statistics show the number of sales in mid-August tapped a high of 193,693 sales but plummeted 86% to 27,053 sales on September 10. Metrics from the most used marketplaces show that volume has slid…<\/p>\n","protected":false},"author":0,"featured_media":12022,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[53,3],"tags":[],"class_list":["post-12021","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain-news","category-coin-news"],"_links":{"self":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/12021"}],"collection":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/comments?post=12021"}],"version-history":[{"count":0,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/12021\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media\/12022"}],"wp:attachment":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media?parent=12021"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/categories?post=12021"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/tags?post=12021"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}