International non-fungible token (NFT) gross sales totaled US$604 million in Could, the bottom month-to-month efficiency since final October and the primary month this yr with gross sales beneath US$1 billion.
Ethereum, the world’s main blockchain for NFT gross sales with a historic gross sales quantity of over US$43 billion, had US$164 million in gross sales final month, its lowest since September.
The community should look even additional again in time to match its newest variety of distinctive patrons.
Final month, Ethereum had 56,914 distinctive patrons, in keeping with CryptoSlam information, the blockchain’s lowest NFT purchaser depend since June 2021.
The NFT gross sales stoop was additionally obvious on the Bitcoin community, which had US$160 million in month-to-month gross sales, the bottom since October. It noticed a decline in each patrons and sellers, recording the bottom depend this yr.
Whereas the gross sales stoop was evident in most main blockchains, Solana bucked the pattern by way of exercise.
Solana had US$93 million in month-to-month gross sales, the primary time the blockchain recorded underneath US$100 million since final November.
Solana set new information for month-to-month distinctive patrons and sellers, with 346,229 and 594,555 addresses respectively.
Nonetheless, the community’s common NFT worth is falling. Its US$37.8 common month-to-month gross sales worth is the bottom this yr.
