Ethereum Merge-minData from OpenSea shows that the month-to-date prices for Ethereum non-fungible tokens (NFTs) have remained relatively the same. The sales and the number of unique users have remained the same since June. However, the prices of these NFTs in USD value have dropped, given the dropping Ether prices.

Ethereum NFTs sustain steady prices

Data from Dune Analytics shows that around 1.61 million Ethererum NFT was sold in July on the Opensea marketplace, while 1.54 million Ether NFTs were sold in June. The number of unique users has increased to more than 400,000 in July compared to 393,000 in June.

Despite increasing users trading on OpenSea, the value of these assets in USD has decreased. Dune Analytics also depicts that over $495 million worth of Ether NFT volumes were recorded in July compared to $695 million in June.

It shows a 29% drop in sales volumes in USD from last month. If daily trading volumes stay the same, OpenSea might end July with about $530 million in Ether trading volumes, which would mean a roughly 24% decline from the previous month. While we won’t know the exact trading volume and sales data until the month is over, the buying and selling of these NFTs has stayed steady.

OpenSea is the largest NFT marketplace. However, it is not the only marketplace listing Ethereum NFTs. NFTs have become some of the critical components in the web 3.0 & crypto space, and despite the bear market in the broader cryptocurrency market, NFTs have sustained stable prices.

NFT sales on the Solana blockchain

The NFT trading activities on the Solana network have slowed significantly compared to Ethereum. CryptoSlam shows that $52.4 million worth of Solana NFTs trades were conducted in July compared to the $91.5 million for June, a 43% decline from the current data.

The site shows around 1.45 million NFT sales on the Solana network this month compared to 1.56 million for June. It also shows that less than 110,000 unique buyers were reported on the blockchain compared to around 136,000 unique buyers in June.

The average Solana NFT sale prices declined from $212 during May to below $59 in June. CryptoSlam also shows that the current sale price is around $36. However, Solana’s native token, SOL, has declined significantly, as the prices were approximately double their current prices.

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