The NFT markets experienced a month of the roller coaster ride in June

The NFT markets experienced a month of the roller coaster ride in June

OpenSea, the largest NFT marketplace, achieved a trading volume of $ 646.6 million in June, which corresponds to a decline of more than 65 % compared to May. according to to dappradar.

Solana NFT (non-fungable token) Marketplace Magic Eden entered almost 111 million US trade volume per last month, a decrease of 63.5 % since May.

trends in the past six months show that the NFT floor prices have increased much more likely when the ETH increases, according to data to data.

The trading volume must not be completely confused with the prices, so Bloomberg

Many factors contribute to the movement of the NFT minimum prices. In view of the fact that NFTS are momentum systems, it is more likely that the ground courses will rise today when they rose yesterday, and vice tweeted @punk9059.

The entire market value of the NFT ecosystem rose from $ 35.6 billion to $ 22.3 billion in the second quarter of the year. as the data show from nftgo. Nevertheless, the following graphic shows that the number of NFT owners has risen steadily in the past three months and that the number of dealers has decreased by 14 % minimally.

"The reduction of the ETH price has eliminated trade barriers for many retailers," said Boris Rebo, Dappradar Research Analyst, to block works, which, despite the retreat, led to a continued healthy demand for NFTs.

In terms of blue chip nfts, Rebo pointed out that the minimum prices may have dropped in early June, but experienced a recovery that coincided with the NYC.NFT convention.

DAPPRADER noted that Meabits with a jump of 76 %, indicated in ETH, cited the field, while Doodles and Cryptopunks recovered 44 % and 43 % and gained bored APE Yacht Club 23 %. The number of cryptopunk dealers and sales also increased by 87 % and 120 % on July 1

It is important to question whether the minimum price or the average price are fair indicators for the true value of an NFT project. The minimum price may be the latest price of the cheapest NFT in this collection, but it is just one of many value indicators such as rarity, usefulness, possession history, call of the creator and buyer interest. The buyer demand (or their absence), which leads to an increase or decline in the number of NFT purchases, leads to fluctuations in minimum prices.

The changes in the number of daily NFT sales have been declining since the beginning of 2022, but not so drastic in the past three months. Nonfungible data show that the number of daily sales at the end of June dropped to 20,000, but was recorded in mid-April with 15,000 the lowest sales number of the past year.

The top collectors' sales of the month, according to to nonfungable, including BORED APE #753 ETH or 1.2 million US dollar June 16; BORED APE #2488 for 1,000 ETH or $ 1.16 million on the same day; and Cryptopunks 8531 for 825 ETH or $ 872,916 on June 22nd.

autoglyphs and artblocks were among the best earning collections in the art segment, while BayCS Otherside-Land was the best NFT earner in the meta persona and achieved the highest sales of Axie Infinity and Loot.

utility NFTS such as the decentralized domains of the Ethereum Name Service (EnS) recorded an increased interest in June, with the top seller "porno.eth" for 184 ETH or $ 203,892. July 3.

other remarkable Juni winners are the Goblintown project, which "has thrown established practices completely over the pile" by clearing the coin and having neither a discord nor a roadmap, said Rebo.

Total June