NFT Sales Dip in June — Ethereum Dominates, Bitcoin Stumbles, and Bored Ape Rises
In June 2023, the sales of non-fungible tokens (NFTs) experienced a decline of 4.3% compared to the previous month. The latest figures show a slide from $739.50 million recorded in May to $707.70 million in June.
June 2023 Sees a Slip in NFT Sales
Data from cryptoslam.io reveals that NFT sales in the previous month experienced a slight decrease compared to May. In June, a total of $707.70 million in sales was recorded, with $452 million attributed to Ethereum-based NFT sales. These Ethereum NFT sales constituted over 63% of the overall sales for the month, indicating a 7.89% increase from the previous month’s ETH-based NFT sales.
Among 22 different networks, Bitcoin emerges as the second-highest blockchain in terms of sales. In June, BTC-based NFT sales amounted to $110.30 million, representing 15.60% of the total sales. However, there was a significant decline of 42.36% in Bitcoin-centric NFT sales compared to the previous month’s figures. On the other hand, Solana-based NFT sales witnessed a remarkable surge, soaring 65% higher than the previous month’s sales, reaching an impressive $70.42 million.
Completing the top five blockchains in terms of sales are Mythos and Polygon, trailing behind ETH, BTC, and SOL. However, both Mythos and Polygon experienced a decline in NFT sales during June compared to May. Mythos registered $28,322,124 in sales, representing a decrease of 19.75%, while Polygon saw sales amounting to $27,846,781, marking a significant drop of 45.91% from the previous month. Taking the lead as the highest-grossing NFT collection in June, based on 30-day sales, was Uncategorized Ordinals, raking in an impressive total of $52.91 million.
