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In June, activity in the non-fungible token (NFT) market increased after it bottomed in May, while average prices seem to be still dropping. Source: Adobe/gesrey, For instance, yesterday, the number of weekly NFT sales reached 36,050, compared with a low of 12,976 in May, per information. On Find Out More Here , the worth of weekly sales was USD 25.
There were also more special purchasers (more than 12,000 in the past week) and more sellers (nearly 5,900). However, according to Dune Analytics information, the average secondary price of NFTs such as Cryptopunks, Hashmasks, and the average artwork cost on marketplaces such as Super, Rare keep dropping as the whole crypto market is still attempting to recover from a recent sharp selloff.
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Source: duneanalytics. com __ Costs are displayed in ETH. Source: duneanalytics. com, On the other hand, NFT sales volumes throughout some procedures decreased from the previous quarter. As examples, Dapp, Radar's Q2 2021 report offered CIRCULATION, which is mainly driven by NBA Top Shot, which was seen dipping in users and volume, 17% and 67% respectively quarter on quarter, as well as Cryptopunks that transacted over USD 95m by the end of the very first quarter, then dropped to USD 16m throughout June.
5bn in the first half of 2021, up from USD 13. 7m in the very first half of 2020, Reuters reported , mentioning Dapp, Radar. Per the company, while the last quarter was "an absolute rollercoaster," despite the crash in crypto rates, users continued to be associated with the industry, particularly NFTs and decentralized financing (De, Fi).
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4m, and a Cryptopunks sale for USD 1. 06m, while Reddit auctioned its very first private NFTs for USD 238,650 and greater, according to Dapp, Radar. Meanwhile, Dapp, Rarad also worried that and Tezos (XTZ) are "making inroads" into the NFT area: Tezos introduced its own market in March, while the Binance Marketplace is "definitely something to keep track of in the approaching months," particularly when they launch additional projects from arts, games, music, and so on
