According to ChainCatcher, according to Cryptoslam data, the monthly transaction volume of the NFT market in the second quarter dropped significantly compared with the first quarter of 2024, and the sales volume in the second quarter fell by 45% month-on-month.

In the first quarter of 2024, the total sales of the NFT market exceeded US$4.1 billion. In the second quarter of 2024, the quarterly transaction volume of NFT was about US$2.28 billion, the lowest level since the third quarter of 2023.

In the first quarter, there were about 2.23 million independent sellers and 3.31 million independent buyers. In the second quarter, the number of independent sellers and buyers was 1.78 million and 3.3 million, respectively, slightly lower than the first quarter.