According to PANews, despite an upward trend in April 2024, blockchain-based digital collectibles saw a slowdown in May. Data from tracking agency CryptoSlam indicates that the global sales of Non-Fungible Tokens (NFTs) in the past 30 days were $624 million. This is a 54% decrease compared to April when NFT sales exceeded $1 billion.
Bitcoin-based NFTs topped the sales in the past 30 days with over $179 million. However, this is a 68% drop compared to April. Meanwhile, Ethereum and Solana, the second and third highest-selling blockchains, also experienced a decline in May. The data shows that the sales of these two blockchains decreased by 55% and 48% respectively.
Among the top 10 NFT series, Solana-based Mad Lads and Ethereum-based series CryptoPunks and Bored Ape Yacht Club (BAYC) saw the largest declines. BAYC experienced the most significant drop in sales, with a decrease of 54%. Mad Lads' sales fell by 44%, while CryptoPunks' sales dropped by 41%.