The Number of Active NFT Wallets Fell by 40%

According to Nonfungible, activity in the NFT market has dropped significantly since May. The number of active wallets fell by 40%, and daily sales fell by 60%. A sharp turn for the NFT space that has been popular in recent months. The peak of activity was in April and May. The decline is now similar to the decline in the first months of 2018.

The dollar value of sales has plummeted to $88 mln. The peak was reached in April at around $322 mln. Meanwhile, the actual number of sales is just under 15,000. Perhaps the best indicator of activity in the NFT space, which has also dropped from a peak of 25,000.

CryptoPunks, Sorare and Meebits are the most popular NFTs on the market. They attracted roughly $5 mln in the last week. Sorare's NFT is currently an outstanding asset in this area and the only one to reach nearly 10,000 sales in seven days.

Image: NFT Calendar