The decline in monthly NFT marketplace volume that began this spring continued into July.
As of July 30, the latest monthly volume for NFT marketplaces was $626.11 million. Last month, such marketplaces brought in $884.68 million in volume.
OpenSea continues to be the market leader, producing $484.79 million of July's monthly volume. The Solana-based Magic Eden saw roughly $81 million in monthly volume during the same period.
© 2023 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.