Nfts
NFT sales volume collapses by 54% in May 2024
NFT sales in May 2024 saw a sudden decline of 54%, with the global NFT market growing a sales volume of $625 million. According to Cryptoslam’s dashboard, the Bitcoin network is the biggest loser, with sales down more than 71% over the past 30 days. During the same period, Ethereum-native NFT sales fell by more than 55%. Solana also fell 48% from last month. The biggest NFT gainer in May was Ethereum L2, which saw sales increase by a remarkable 2,529%.