CryptoSlam data shows average NFT sell price down 94% from YTD daily high

CryptoSlam metricIt shows that the crypto winter has hit the NFT sector hard, including global sales volume and average selling price.

Critics of NFT art argue that the decline in prices and trading volumes is far behind, especially in collections such as the Bored Ape Yacht Club and Crypto Punks, which are considered “high”.

Global NFT sales tank

According to CryptoSlam, after a relatively flat period from September 2021 to April 2022, global NFT sales peaked at $ 637.9 million on May 1st. ..

Sales have fallen dramatically since their peak, reaching a daily minimum of $ 6.6 million on July 2, representing a 99% collapse from peak to trough.

As expected, the number of unique buyers has also declined, dropping from the peak of 115,932 on January 20th to just 11,983 on July 1st, down 90%.

According to the data, August 2021 was the best month for sales, at $ 4,854 million, with an average selling price of $ 1,070. Monthly YTD peaks are comparable, with January sales averaging $ 519 to $ 4.82 billion.

However, over the years, sales have declined significantly. Total sales for the first week of July were $ 48.9 million, with an average daily turnover of $ 9.78 million. For comparison, January 1st average sales were $ 155.5 million.

The average selling price has also dropped significantly

As mentioned earlier, August 2021 peaked in both total monthly sales ($ 4,854 million) and average sales of $ 1,070. However, the average selling price in July was only $ 100, down 91% from January 1.

OpenSea data reaffirmed the above, with June trading volumes dropping to their 12-month lows. Similar to CryptoSlam data, analysis of OpenSea metrics shows that both user numbers and average NFT selling prices are declining.

Gauthier Zuppinger, CEO of NFT Data Aggregator Nonfungible, said: CNBC He believes that NFTs have a future, citing corporate interest as a reason, despite the tanking index.

We are confident that the NFT space is not dead as we are contacted daily as promising projects, large corporations and banking groups around the world are gradually entering the NFT space. “