Monthly NFT Market Volumes Have Been Falling This Year Overall

Arrow

Trading volume on the NFT marketplace decreased from $16.6 billion in January to just over $1 billion in June.

The 94%  drop over a period of six months demonstrates how severely the crypto bear market has impacted NFTs.

NFT floor costs have taken a dip, as The Block has reported, with prominent projects like BAYC, Doodles, and Cool Cats seeing drops of roughly 30%