According to Odaily, data from The Block Pro reveals that NFT trading volume in July was only $159 million, a decrease of $164 million from the previous month, marking a significant drop of 50.8%. The number of NFT traders also continued to decline for the fifth consecutive month. Additionally, NFT royalties hit an annual low of $1.2 million, down 58.7% from the $3.1 million paid in June.
NFT Trading Volume Drops Significantly In July
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