NFT-trade volume keeps falling
According to Dune, the daily trading volume of non-interchangeable tokens has been steadily declining over the past three months.
On March 13, there were about 44,000 NFT trades. On June 12, however, that number approached 25,000.
According to a recent DappRadar report, NFT sales may have fallen below the $1 billion mark for the first time this year in May 2023.
According to the study's details, active wallets associated with NFT showed a 27% increase in May.
This growth, however, was due to the Miladys NFT collection, which in turn was pampered by Elon Musk, a well-known Influencer.