Information from the on-chain data provider revealed that the monthly sales of Ethereum-minted NFTs on the marketplace reached an impressive peak of $659.02 million in February before experiencing a subsequent downturn.
With one day left in July, the total sales volume at press time was $120.79 million. This represented an 82% drop in monthly sales volume on OpenSea since the February high.Similarly, following a record-breaking NFT sales volume of $109.12 million in February, Polygon-based NFTs on OpenSea have received decreased patronage from OpenSea’s users.
In the last 30 days, the sales volume of Polygon-minted NFTs on the marketplace totaled $8.35 million, a 92% decline in under six months.Naturally, the fall in NFTs sales count in July culminated in the decline in sales volume. According to data from Dune Analytics, only 258,798 Ethereum-minted NFTs have been sold on OpenSea this month. This was a 43% drop from the 450,325 total NFTs sold by the end of June.
The marketplace recorded its highest monthly count of Ethereum NFTs sold in January. Per data from Dune Analytics, OpenSea ended the 31-day trading period with an NFT sales count of 1.14 million. This has since trended downward.Interestingly, despite the shortfall in sales volume, the count of Polygon NFTs sold on OpenSea this month has surpassed the total count from June. In the past 30 days, 296,343 Polygon-minted NFTs have been traded on OpenSea.
However, during the period under review, OpenSea recorded an influx of traders than Blur did. According to DappRadar, traders that completed NFTs transactions on OpenSea in the last month totaled 305,295. Blur saw a mere 35,304 traders.