Data: In August, NFT trading volume on Ethereum fell to $407 million, the lowest since June 2021

ChainCatcher news, according to data from The Block, the monthly trading volume of NFTs on Ethereum hit a two-year low in August.

In August, the NFT trading volume on Ethereum dropped to $407 million, a 32% decrease from July, marking the lowest level since June 2021. Among them, X2Y2 led the decline with a 40% drop, while Blur, OpenSea, and LooksRare saw their trading volumes decrease by 38%, 18%, and 8%, respectively. According to Dune data, OpenSea's monthly active users fell by 12% in August to 126,000, the lowest since July 2021.