Despite a recovery in April, NFT sales in May fell by 54% to $630 million, according to CryptoSlam data.
Leading platforms, including Bitcoin, Ethereum, and Solana networks, showed a decline in activity.
The trading volume of non-fungible tokens in the ecosystem of the first cryptocurrency reached $185 million over 30 days, representing a 71% decline.
The dynamics in the Ethereum and Solana sectors decreased by 55% and 47%, respectively.
Meanwhile, the L2 solution Blast surged to fourth place, with NFT sales reaching $55 million. As NFT marketplaces in the ecosystem were launched recently, its growth in the segment for the month was 2582%.
The Immutable network showed positive results, increasing its trading volume by 23% to $31 million.
Among the top 10 collections, Mad Lads (-44%) on Solana, as well as CryptoPunks (-41%) and Bored Ape Yacht Club (-50%) on Ethereum, were the most affected.
The “uncategorized Ordinals” lead the direction with $73 million, despite a 68% decline. They are followed by the new Fantasy Top collection on Blast.
The number of buyers (69,656) and sellers (64,196) decreased slightly over the month—by 6% and 7%, respectively.
In April, Magic Eden rose to first place in trading volume among NFT marketplaces with $486 million. Blur, for the first time since its launch, ceded leadership.
In March, BAYC #9258, owned by American comedian Kevin Hart since January 2022, was sold for 13.65 ETH—76% below the purchase price. The token of pop star Justin Bieber from the same collection depreciated by nearly 95%.