Ahmed Ali During June 2023, the sales of non-fungible tokens (NFTs) experienced a 4.3% decline compared to the previous month. The latest data indicates a drop from $739.50 million in May to $707.70 million in June.
NFT Sales Slip in June 2023
According to cryptoslam.io, NFT sales saw a slight decrease in the previous month compared to May. In June, the total sales reached $707.70 million, with $452 million attributed to Ethereum-based NFT sales. These Ethereum NFT sales accounted for over 63% of the overall sales, marking a 7.89% increase from the previous month’s ETH-based NFT sales.
Among 22 different networks, Bitcoin emerged as the second-highest blockchain in terms of sales. BTC-based NFT sales amounted to $110.30 million in June, representing 15.60% of the total sales. However, there was a significant decline of 42.36% in Bitcoin-centric NFT sales compared to the previous month. On the other hand, Solana-based NFT sales witnessed a remarkable surge, soaring 65% higher than the previous month’s sales, reaching an impressive $70.42 million.
Top Five Highest-Priced NFT Sales in June
Completing the top five blockchains in terms of sales were Mythos and Polygon, following ETH, BTC, and SOL. However, both Mythos and Polygon experienced a decline in NFT sales during June compared to May. Mythos registered $28,322,124 in sales, representing a decrease of 19.75%, while Polygon saw sales amounting to $27,846,781, marking a significant drop of 45.91% from the previous month. Leading as the highest-grossing NFT collection in June, based on 30-day sales, was Uncategorized Ordinals, generating an impressive total of $52.91 million.
Uncategorized Ordinal NFT sales in June witnessed a notable increase of 1.44% compared to May. Following closely behind was the Bored Ape Yacht Club (BAYC), securing the second spot with $49.76 million, a 28.20% increase from BAYC sales in May. The subsequent three leading collections after Uncategorized Ordinal NFT and BAYC NFT sales were Azuki, Azuki Elemental, and SMB Barrel Raffle. Among the top five highest-priced NFT sales in June, four out of five were BTC-based NFTs, with the exception of the NFT Fidenza #545.
What are your thoughts on the shifts in NFT sales during June 2023? Share your opinions and comments on this topic below.
Table Of Contents
Frequently Asked Questions (FAQs) about NFT sales
What was the overall trend in NFT sales in June 2023?
In June 2023, NFT sales experienced a slight decline of 4.3% compared to the previous month. The total sales dropped from $739.50 million in May to $707.70 million in June.
Which blockchain dominated NFT sales in June 2023?
Ethereum dominated NFT sales in June 2023. Ethereum-based NFT sales accounted for over 63% of the overall sales for the month, with a total of $452 million in sales.
How did Bitcoin perform in terms of NFT sales in June 2023?
Bitcoin witnessed a decline in NFT sales during June 2023. BTC-based NFT sales amounted to $110.30 million, representing 15.60% of the total sales. However, there was a significant drop of 42.36% in Bitcoin-centric NFT sales compared to the previous month.
Which NFT collection showed a significant rise in popularity in June 2023?
The Bored Ape Yacht Club (BAYC) NFT collection experienced a surge in popularity in June 2023. It secured the second spot in terms of sales, generating $49.76 million, which was a 28.20% increase compared to BAYC sales in May.
What were the highest-grossing NFT collections in June 2023?
The highest-grossing NFT collection in June 2023, based on 30-day sales, was Uncategorized Ordinals, with a total of $52.91 million in sales. Following closely behind was the Bored Ape Yacht Club (BAYC) with $49.76 million in sales.
Were there any notable shifts in NFT sales among other blockchains in June 2023?
Solana-based NFT sales witnessed a remarkable surge, increasing by 65% compared to the previous month. Mythos and Polygon, on the other hand, experienced declines in NFT sales in June 2023.
More about NFT sales
- Cryptoslam.io: cryptoslam.io
- Ethereum: ethereum.org
- Bitcoin: bitcoin.org
- Bored Ape Yacht Club (BAYC): boredapeyachtclub.com
