NFT Sales Fall By 54% This Month

The non-fungible token market has suffered another rough month, marked by a plunge in sales volume and floor price values. The global non-fungible token market sales volume has dropped more than 50% this ending month, the lowest trading sales volume since October 2023. In this article, we shall assess the full state of the non-fungible token market in May 2024.

Data compiled by cryptoslam.io, an on-chain crypto assets market aggregator and a multi-chain non-fungible token explorer, shows that the global non-fungible token market has tanked again this month. In the past 30 days, the global NFT market has raised a trading sales volume of $625 million, representing a 54.71% drop from the past month.

Bitcoin, the blockchain network renowned in the NFT market for powering Ordinals and BRC-20 non-fungible token collections, is this month’s most-traded blockchain network in the NFT ecosystem. In the past 30 days, the Bitcoin-based NFT collections have recorded a sales volume of $181 million. Bitcoin NFT sales volume has dropped 68% this month from the past month.

Source: cryptoslam.io, NFT Sales by blockchain in the past 30 days

Ethereum, the blockchain network powering Ether and renowned in the NFT market for hosting most blue-chip non-fungible token collections, has been this month’s second top-traded NFT blockchain network. In the past 30 days, the Ethereum-based NFT collections have recorded a trading sales volume of $165 million. Ethereum NFT sales have plunged 55% from the past month.

Solana, a public, open-source blockchain that supports smart contracts, including non-fungible tokens and various decentralized applications, has been this month’s third most-traded NFT blockchain network. In the past 30 days, the Solana-based NFT collections have recorded a trading sales volume of $93 million. Solana NFT sales have dropped 48% from the past month.

Blast, an Ethereum Layer Two blockchain network from the Blur NFT market platform team, and Polygon, an Ethereum scaling solution, were May’s fourth and fifth most-traded NFT blockchains. In the past 30 days, the Blast-based NFTs have amassed a sales volume of $55 million, while Polygon-based NFTs have raised a trading sale volume of $50 million.

Ten Top Selling NFTs In May 2024

Source: cryptoslam.io, top selling NFTs in the past 30 days

1. Bitcoin Uncategorized NFTs

Bitcoin Uncategorized, an ordinal collection that contains a diverse assortment of digital assets on the Bitcoin blockchain that have not yet been identified as part of an established collection, has been this month’s top-selling NFT collection. In the past 30 days, the Uncategorized NFT collections have recorded a trading sales volume of $74 million, but the sales volume has tanked 70% this month.

2. Fantasy Top NFT Collection

Fantasy Top, a non-fungible token collection from Fantasy Top, the NFT SocialFi trading card game built on the new Ethereum Layer 2 blockchain, Blast, has been this month’s second most-selling NFT collection. In the past 30 days, the Fantasy Top NFT collection has raised a trading sales volume of $51 million.

3. DMarket NFT Collection

DMarket, a non-fungible token collection from the virtual asset market platform DMarket hosted on Mythos Chain, has been this month’s third most-selling NFT collection. In the past 30 days, the DMarket NFT collection has recorded a trading sales volume of $24 million. DMarket NFT sales have plunged 13.55% from the past month.

4. NodeMonkes NFT Collection

NodeMonkes, a non-fungible token collection featuring a limited supply of 10,000 NFTs created on the Bitcoin blockchain network using the ordinal protocol, has been this month’s fourth most-selling NFT collection. In the past 30 days, the NodeMonkes NFT collection has raised a sales volume of $21 million. NodeMonkes NFT sales volume has plunged 33% from the past month.

5. Guild Of Guardians NFT Collection

Guild of Guardians, a non-fungible token collection from Guild of Guardians, a mobile NFT RPG where players take teams of heroes through challenging dungeons to collect resources, has been this month’s fifth most-selling NFT collection. In the past 30 days, the Guild of Guardians NFT collection has attracted a trading sales volume of $17 million. The Guild of Guardians NFT sales have surged 63% in the past month.

Source: cryptoslam.io, top selling NFTs in the past 30 days

6. CryptoPunks NFT Collection

CryptoPunks, a non-fungible token collection previously from Larva Labs but now owned by the digital asset firm Yuga Labs and features a limited supply of 10,000 NFTs, has been this month’s sixth most-selling NFT collection. In the past 30 days, the CryptoPunks NFT collection has raised a sales volume of $15 million. CryptoPunks NFT sales have tanked 41% from the past month.

7. Bored Ape Yacht Club NFT Collection

Bored Ape Yacht Club, an all-time top-selling NFT collection from the digital asset incubation studio Yuga Labs that features a limited edition of 10,000 NFTs hosted on the Ethereum blockchain network, has been this month’s seventh most-selling NFT collection. In the past 30 days, the Bored Ape Yacht Club has amassed a trading sales volume of $11 million. Bored Ape NFT trading sales volume has tanked 54 % this month from the past month.

8. Gods Unchained NFT Collection

Gods Unchained, a non-fungible token collection from the digital trading card game Gods Unchained hosted on the Immutable X, has been this month’s eighth most-selling NFT series. In the past 30 days, the Gods Unchained NFT collection has recorded a trading sales volume of $10 million. Gods Unchained NFT sales volume has dropped 22% from the past month.

9. Mad Lads NFT Collection

Mad Lads, a non-fungible token collection from the Solana infrastructure development project Coral that features a limited edition of 10,000 NFTs, has been this month’s ninth most-selling NFT collection. In the past 30 days, the Mad Lads NFT collection has recorded a trading sales volume of $10 million. Mad Lads NFT sales volume has plunged 44% from the past month.

10. DogeZuki NFT Collection

DogeZuki, a non-fungible token collection with a fixed edition of 2,800 Shiba Inu-inspired NFT items hosted on the Solana network, has been the tenth most-selling NFT collection. In the past 30 days, the DogeZuki NFT collection has raised a trading sales volume of $9.8 million. DogeZuki NFT sales volume has surged 127% from the past month.