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OpenSea's Ethereum and Polygon NFT Sales Hit Lowest Point This Year

According to data from Dune Analytics, the monthly sales volume of Ethereum and Polygon-based NFTs on OpenSea has hit its lowest point this year, with a total sales volume of $120.79 million at the end of July, representing an 82% drop from the February high. Similarly, Polygon-based NFTs on OpenSea have experienced a 98% decline in sales volume since February, with a sales volume of only $8.35 million in the last 30 days.

Despite this, OpenSea has seen an influx of traders compared to Blur, with 305,295 traders completing NFT transactions on OpenSea in the last month, compared to only 35,304 traders on Blur. However, Blur continues to dominate OpenSea in terms of monthly NFT trading volume, with a total trading volume of $378.41 million, while OpenSea trailed behind with a trading volume of $126 million.

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