Money

30-Day NFT Sales Are 88% Lower Than They Were 8 Months Ago, Google Searches Nosedived – Markets and Prices Bitcoin News


At the end of January 2022, sales of non-fungible tokens (NFTs) reached $4.77 billion, and NFT sales have declined month after month since. Last month, NFT sales of $549.82 million took place in September, showing that monthly NFT sales were 88% lower than in January. Furthermore, after the search term “NFT” hit the mark. peaked on Google Trends last January, hitting 100, the last week of September’s score was 12, also 88% lower in interest.

NFT Trading Volume and Slides Search Queries – Sales and Interest 88% Off

Non-fungible token technology (NFT) is very popular in late 2021 and in the first month of 2022. In fact, in terms of Google Trends (GT) data, worldwide use the term “NFT“The highest score a search query can get on the GT database, is 100.

30 days NFT sales 88% lower than 8 months ago, Favorite Google Search
Google Trends (GT) search query data for the term “NFT”.

In fact, this is the first time the search term has exploited this area according to the GT database, but today the score is 88% lower with a score of 12 for the week of September 25th to January 1st. 10, 2022. Today, China is the most active region according to GT figures and the country is followed by Hong Kong, Singapore, Nigeria and Taiwan.

Google Trends (GT) search query data for the term “NFT”.

Sales have also declined since January, as records show NFT sales of just over half a billion or so. 549.82 million USD. This is about 88.49% lower than the $4.77 billion in NFT revenue recorded eight months ago.

May was the last month that NFT sales crossed the $1 billion mark, and that month in NFT sales of $3.18 billion were recorded. The next month was a significant drop to $879 million, and in July, NFT’s revenue hit $682 million. August sales fell after $633 million in NFT sales were recorded that month and September sales were 13.27% lower.

So far, the first week of October 2022 has seen $105.22 million in NFT sales through 191,175 unique buyers. The 30-day figures indicate that the top NFT collection in terms of sales is the Bored Ape Yacht Club (BAYC) as the collection posted sales of $30,964,305 last month.

However, this is 37.49% lower than the sales BAYC recorded last month. Statistics compiled by cryptoslam.io shows that the QQL Mint Pass project made $27.80 million in sales this month and Cryptopunks raised $23.49 million.

30 days NFT sales 88% lower than 8 months ago, Favorite Google Search
Top five NFT sales in the last 30 days. Three of the five are Bored Apes and two NFTs are from the Otherdeed collection.

The Synthetic Art NFT project with artwork by Tyler Hobbs and Dandelion Wist Mané is a new collection with no prior market data, but Cryptopunks’ $23.49 million NFT revenue increased 12 .27% compared to 30 days ago.

Four specific projects saw triple-digit gains last month compared to the previous month’s NFT sales data, including Renga, Gods Unchained, Ethereum Name Service (ENS) and NFL All Day, respectively. Over the past month, most sales have come from the Ethereum blockchain as it recorded sales of $345,633,653.

30 days NFT sales 88% lower than 8 months ago, Favorite Google Search
Top ten collections of 30-day sales statistics according to cryptoslam.io.

This was followed by Ethereum revenue of $114.32 million by Solana, $20.61 million by Flow, and $18.95 million from Immutable X NFT sales. While Ethereum-based NFT sales dominate, monthly stats show ETH sales decreased by 21.26%. The 30-day metrics show a 109.23% increase in Solana-based NFT sales and a 40.58% increase in threaded NFT sales. NFT sales obtained from the Immutable X network have increased by approximately 125.30% month-on-month.

Coincidentally, the five most expensive NFTs sold in the past 30 days stemmed from Yuga Labs affiliated NFT collections such as Bored Ape Yacht Club and Otherdeeds. The most expensive NFT sold within the last 30 days was the Bored Ape #8585 for $1.03 million and the second most expensive NFT sold was the Bored Ape #441 which sold for $350,991 19 days ago.

Cards in this story

1 month, Statistics for 30 days, 8 months, BAYC, Bored Ape . Yacht Club, Monkey bored, cryptocurrency, cryptoslam.io, dappradar, ETH, Ethereum, Flow, Invariant X, Care about, Sales January 1, NFT sales, NFT Sales Volume, NFT search query, NFT, Other, QQL Mint Pass, search query, September sales, Solana, Statistics, Yuga Labs

What do you think about the 88% drop in monthly NFT sales compared to the sales recorded last January? What do you think of the NFT sales action over the last 30 days? Let us know your thoughts on this topic in the comments section below.

Jamie Redman

Jamie Redman is the News Lead at Bitcoin.com News and a fintech journalist living in Florida. Redman has been an active member of the crypto community since 2011. He has a passion for Bitcoin, open source, and decentralized applications. Since September 2015, Redman has written over 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.




Image credits: Shutterstock, Pixabay, Wiki Commons, Google Trends, Cryptoslam.io,

Disclaimer: This newspaper only gives true information. It is not a direct offer or solicitation to buy or sell, or a recommendation or endorsement for any product, service or company. Bitcoin.com does not provide investment, tax, legal or accounting advice. Neither the Company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or materials. goods or services mentioned in this article.

kignews

Kig News: Update the world's latest breaking news online of the day, breaking news, politics, society today, international mainstream news .Updated news 24/7: Entertainment, Sports...at the World everyday world. Hot news, images, video clips that are updated quickly and reliably

Related Articles

Back to top button