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NFT trading volume reached 530 million USD in July.
Golden Finance reported that DappRadar data shows that NFT volume surged by 96% in July, reaching $530 million. However, the total number of transactions declined by 4%, with only 5 million NFTs changing hands that month. This trend indicates a significant shift in buyer behavior, with the volume of NFT resales decreasing, but the selling prices increasing sharply. In fact, the average selling price of NFTs has more than doubled, rising from $52 in June to $105 in July. At the same time, the largest NFT market OpenSea remains the most active in terms of daily user count, with about 27,000 traders, thanks to its long-tail listings and multi-chain support.