July NFT Sales Hit $570 Million… Second Highest This Year

JOON HYOUNG LEE

Summary

July non-fungible token (NFT) sales were tallied at $574 million.
The number of NFT transactions in July was 5 million, approximately a 9% decrease from the previous month.
The NFT average sale price reached $113.08, the highest in six months, indicating an increase in demand for high-value assets.

*Top 10 Non-Fungible Tokens (NFTs) by Market Capitalization. Photo credit=NFT Price Floor*

July non-fungible token (NFT) sales surpassed $570 million.

Cointelegraph, citing data from NFT analytics firm CryptoSlam on the 31st (local time), reported that this month's NFT sales totaled $574 million. Cointelegraph stated, "(July sales represent) a 47.6% increase compared to June's $388.9 million," but "(However) they did not surpass January's monthly record of $678.9 million this year."

The number of NFT transactions this month was counted at 5 million, about a 9% decrease compared to last month (5.5 million). However, the average NFT sale price was $113.08, marking the highest in six months. Cointelegraph pointed out that "there is rising demand for high-value (NFT) assets."