The sales volume of the largest NFT projects on Ethereum began to decline – Bits Media

NFT Markets Growth Slowed. NFT CryptoPunks and Meebits Sales Down 73 Last Week% and 70% respectively, And sales of unique tokens Bored Yacht Club fell by 49%.

According to Cryptoslam, reducing sales volumes for several leading NFT projects indicates that, what Trade madness, two weeks ago, It begins to subside. Sales of non -current tokens (NFT) began to grow sharply in February, But the hype around them subsided shortly after the amazing of the market.

At the end of last month, NFT sales began to grow sharply. Sudden surge of interest in NFT CRYPTOPUNKS 31 July increased the daily trading volume of the project with $1.8 to $41.5 Milln for a week, And the average price of 8-bit avatars increased by 53%. Since then, Cryptopunks trading has died - sales have fallen on 73% last week. However, a surge in interest helped other NFT projects increase sales.

Over the past month, NFT Art Blocks sales have grown by 710% And they made almost $200 million. NFT sales for artwork, which are generated by a computer on a random source phrase, Only last week they grew up on 50% And compiled $61 million. On Saturday NFT Chromie Squigle #3784 was sold for 750 ETH ($2.3 million), which has become the largest sale within the project.

One of the Cryptopunks imitators - Bored Ape Yacht Club - has become the second most popular NFT Avatars project last week. Sales have grown on 153% Last month, And the price of the cheapest NFT has increased with 10 ETH 3 August to 15 ETH 10 August, And this level is still preserved. Although this month the project sales grew by 149%, Last week they fell by 49%.

Sales of NFT MeeBits - a project from the creators of Cryptopunks Larva Labs - fell last week on 70.43%. Recall, that recently the NFT Opensea market has become the largest gas consumer in the Ethereum, And the sales of the NFT Pudgy Penguins project exceeded $11.8 million per day.