OpenSea Ethereum, Polygon report card for June; stats might shock you

ambcrypto.com:

While NFT enthusiasts continue to bask in the euphoria of the 2021 boom in the ecosystem, the general downturn of the cryptocurrency market continued to affect the sales volume of NFTs in the last few months. According to data from NFTgo, the total sales volume of NFT collections across marketplaces saw a 61% decline in June. Also, within the last 30 days, the market capitalization of the entire NFTs market saw a 15% drop.

Furthermore, the sales volumes of blue-chip projects such as Bored Apes, Otherdeed, and Art Blocks dropped by 61%, 89%, and 63% within the last 30 days. OpenSea, the world’s most popular NFT marketplace, also recorded some declines in June compared to its performance in May. OpenSea Ethereum and Opensea Polygon witnessed some notable drops as well.

According to data from Dune Analytics, in May, OpenSea Ethereum logged a sales volume of $2.59 billion. However, in June, with $696 million recorded in sales volume, a 73% decline was recorded. 

Source: Dune Analytics

Similarly, the OpenSea Polygon sales volume saw a 66% decline from the $26.65 million recorded in May to the $8,856,717 recorded in the month of June.

Source: Dune Analytics

Data from Dune Analytics also revealed that the total count of NFTs sold on OpenSea Ethereum grew by 4%. In May, the count for the total NFTs sold stood at 1,478,553. In June, a total of 1,543,975 NFTs were sold.

Source: Dune Analytics

However, OpenSea Polygon told a different story. With a 49% decline registered in June, the count for the total NFTs sold stood at 154,282.

Source: Dune Analytics

Furthermore, in June, OpenSea Ethereum saw an index of 393,737 as its monthly active traders. With 422,295 monthly active traders recorded in May, a 7% decline was seen on this front. 

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