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TechFlow news, on August 12, according to The Block Pro data, NFT trading volume in July was only $159 million, a decrease of $164 million from the previous month, down 50.8%. The number of NFT traders also declined for the fifth consecutive month. In addition, NFT royalty revenue hit a new annual low of $1.2 million, down 58.7% from $3.1 million in June.
According to The Block Pro data, NFT trading volume in July was only $159 million, a decrease of $164 million from the previous month, representing a 50.8% drop. The number of NFT traders also declined for the fifth consecutive month. Additionally, NFT royalty revenue hit a yearly low of $1.2 million, down 58.7% from $3.1 million in June.
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