NFT (Non-Fungible Token) sales significantly increased in July, reaching $574 million, becoming the second-highest monthly volume this year. Data from CryptoSlam shows that the average NFT sale value rose to $113.08, the highest in six months.
NFT Market Growth
Although the number of transactions decreased by 9% to 5 million, the increase in average sale value suggests that NFT buyers are increasingly willing to purchase more valuable assets. The overall NFT market capitalization also rose 21% to over $8 billion.
Ethereum Dominance
Ethereum dominates blockchain-based NFT activity, with sales reaching $275.6 million, a 56% increase in the last 30 days. Meanwhile, Bitcoin and Polygon recorded $74.3 million and $71.6 million in NFT sales, respectively. Cardano showed the highest percentage growth at 102%, while Solana posted a modest 8% gain.#Ethereum #Polygon #nft #Token $ETH #solana $SOL
