The latest report from Binance Research shows that the crypto market experienced a significant downward trend in June 2024, with an overall decline of 11.4%. Affected by the market decline, DeFi’s overall TVL fell by 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. Ordinal series such as Bitcoin Puppets and NodeMonkes saw significant sales declines, down 40.6% and 41.0%, respectively. Bored Ape Yacht Club saw a slight decline in monthly sales, while Pudgy Penguins outperformed the market, up 68.9%. #DYOR42711