{"id":64524,"date":"2022-07-18T13:13:33","date_gmt":"2022-07-18T10:13:33","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=64524"},"modified":"2025-09-06T14:56:47","modified_gmt":"2025-09-06T11:56:47","slug":"nft-trading-volume-slumped-74-in-june","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/nft-trading-volume-slumped-74-in-june\/","title":{"rendered":"NFT trading volume slumped 74% in June."},"content":{"rendered":"<p>In June, the total trading volume across NFT marketplaces stood at $1.04 billion, down from $4 billion in May. The 74% drop was the largest month-on-month decline, according to <a href=\\\"https:\/\/www.theblock.co\/post\/158045\/monthly-nft-trading-volumes-fell-74-from-may-to-june\\\">The Block<\/a>.<\/p>\n<figure class=\\\"wp-block-image\\\"><img decoding=\\\"async\\\" src=\\\"https:\/\/lh4.googleusercontent.com\/cNh9PdZ5mZ15bpSBLXz9Yq-OZLSJOg1bqi1692Kq35sQbMnbxpqHcpNwjV2_p1QZf7sWCDEYks9_gtJULLaLQc7YCB41YXQfoKgRHe0xoY_o1h64L8LvOWm0xUiO2-0eNgnYTOElzncepO6dQ70\\\" alt=\\\"NFT trading volume slumped 74% in June\\\"\/><figcaption>Data: The Block Research.<\/figcaption><\/figure>\n<p>The second-largest drop in trading volumes was recorded between February and March \u2014 48%.<\/p>\n<p>In the segment, the OpenSea platform remains firmly dominant, with June trading volumes of $696 million, comprising 67% of the total. LooksRare follows with roughly 20% share.<\/p>\n<figure class=\\\"wp-block-image\\\"><img decoding=\\\"async\\\" src=\\\"https:\/\/lh4.googleusercontent.com\/MYHKEbkUO6PV7TL_42LOCAxXEwX9PJHLYqjAJT0Cp9gPtFxtUIaZek7ndT7YvmalnnjPQ-4cP0ElgybItKjjaqU5u0X03FY8jkaKT3e9hfzgSFHlHBUZYm9Ku4GNVtVhrXfEF7VX07hWgyT1hD3gf3o\\\" alt=\\\"NFT trading volume slumped 74% in June\\\" \/><figcaption>Data: The Block Research<\/figcaption><\/figure>\n<p>The Solana-based NFT marketplace Magic Eden has, since the start of 2022, expanded its market presence from 0.1% of total trading volume to more than 10%.<\/p>\n<p>This occurred amid <a href=\"https:\/\/u1f987.com\/en\/news\/opensea-adds-solana-based-nft-support\">Solana blockchain integration in April<\/a>, led by OpenSea.<\/p>\n<p>In July, the largest marketplace announced <a href=\"https:\/\/u1f987.com\/en\/news\/nft-marketplace-opensea-to-lay-off-20-of-its-staff\">a 20% staff reduction<\/a>.<\/p>\n<p>Follow ForkLog&#8217;s Bitcoin news on our <a href=\\\"https:\/\/telegram.me\/forklog\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener\\\">Telegram<\/a> \u2014 cryptocurrency news, prices and analytics.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In June, the total trading volume across NFT marketplaces stood at $1.04 billion, down from $4 billion in May. The 74% drop was the largest month-on-month decline, according to The Block.<\/p>\n","protected":false},"author":1,"featured_media":64525,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1145,1213],"class_list":["post-64524","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-market-analysis","tag-nft"],"aioseo_notices":[],"amp_enabled":true,"views":"20","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/64524","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=64524"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/64524\/revisions"}],"predecessor-version":[{"id":64526,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/64524\/revisions\/64526"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/64525"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=64524"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=64524"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=64524"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}