According to ChainCatcher, data disclosed by The Block Pro showed that the NFT transaction volume in July was only 159 million US dollars, a decrease of 164 million US dollars from the previous month, a decrease of 50.8%. The number of NFT traders in July also continued to decline and has been on a downward trend for the fifth consecutive month.

In addition, NFT royalty revenue hit a new annual low of 1.2 million US dollars, a month-on-month decrease of 58.7% from the 3.1 million US dollars paid in June.