ChainCatcher news, 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 downturn, overall DeFi’s TVL (total value locked) fell 8.7% in June. The NFT market also continued to be sluggish, with total sales of $46 million in June, down 26.2% from May. Mythos in-game item trading platform DMarket had the highest monthly sales at $18.9 million, followed by CryptoPunks with $16.1 million in sales. Top Ordinal series such as Bitcoin Puppets and NodeMonkes saw significant declines in sales, down 40.6% and 41.0%, respectively. Bored Ape Yacht Club saw a slight decrease in monthly sales, while Pudgy Penguins outperformed the market, up 68.9%.