Sales of non-fungible tokens (NFTs) fell 45% in Q2 2024, while the Bitcoin market shows a downward trend. 😔

• NFTs sold a total of $4.1 billion in Q1 2024, continuing the growth that began in Q4 2023.

• In June, the average sale price of NFTs fell 59% compared to March.

• The decline in NFT trading coincides with a negative outlook for the Bitcoin market.

Despite the decline, NFTs reached several important milestones in 2024. NFTs powered by Solana set a new record for total sales in February.