June NFT Marketplace Recap

In June, Non-Fungible Token (NFT) trading volume surged to an impressive $832 million, marking a 26% MoM increase from May's $660 million.

Fueling this wave was the Azuki Elementals mint on June 27th, which single-handedly drove $37.5 million in mint revenue and $52 million of secondary market volume within its initial trading days. However, the Azuki community's disapproval of the artwork sparked a significant sell-off across all Chiru Labs' assets, including the renowned Beanz and Azuki collections. During the final days of June, these two collections contributed a staggering 43% to the total NFT trading volume.