According to Foresight News, data from The Block shows that the monthly trading volume of non-fungible tokens (NFTs) on Ethereum reached a two-year low in August. Ethereum's NFT trading volume dropped to $407 million in August, a 32% decrease compared to July, marking the lowest level since June 2021. Among the platforms, X2Y2 led the decline with a 40% drop, while Blur, OpenSea, and LooksRare experienced decreases of 38%, 18%, and 8%, respectively. According to Dune data, the number of monthly active users on OpenSea fell by 12% to 126,000 in August, reaching its lowest point since July 2021.