PANews reported on July 8 that according to the latest report from Binance Research, the encryption market experienced a significant downward trend in June 2024, with an overall decline of as much as 11.4%. Affected by the market decline, the overall DeFi TVL (total value locked) fell by 8.7% in June. The NFT market also continues to be sluggish, with total sales in June of $46 million, a 26.2% decrease compared to May. Mythos in-game item trading platform DMarket had the highest monthly sales at $18.9 million, followed closely by CryptoPunks with $16.1 million in sales. Sales of top Ordinal series such as Bitcoin Puppets and NodeMonkes fell significantly, down 40.6% and 41.0% respectively. Bored Ape Yacht Club reported a slight decline in monthly sales, while Pudgy Penguins outperformed the market, rising 68.9%.