Golden Finance reported that in the second quarter of 2024, NFT sales fell by 45%, consistent with Bitcoin’s bear market trend. Data from CryptoSlam revealed that NFT sales fell to $2.24 billion, the lowest level since the third quarter of 2023. This sharp decline contrasts with sales of $4.1 billion in the first quarter of 2024, which continued the growth trend of $2.9 billion in the fourth quarter of 2023. June 2024 also saw a significant decline, with the average NFT sales value falling 59% from March. This month is also expected to record the lowest number of NFT transactions since March 2021.