The Block Pro: Non-Fungible Token transactions in July amounted to only $159 million, a 50.8% decrease compared to the previous month.
According to data disclosed by The Block Pro, the Non-Fungible Token (NFT) trading volume in July was only $159 million, a decrease of $164 million from the previous month, a drop of 50.8%. The number of NFT traders also continued to decline in July, marking the fifth consecutive month of decline. Additionally, NFT royalty revenue hit a new annual low of $1.2 million, down 58.7% from the $3.1 million paid in June.
