In June, the total trading volume on NFT-marketplaces was $1.04 billion compared to $4 billion in May. The 74% drop was the largest month-on-month drop.
The second largest drop in trading volumes was recorded between February and March – 48%.
The segment is confidently dominated by the OpenSea platform with trading volumes of $696 million in June, accounting for 67% of the total. Next is LooksRare with a share of about 20%.
Solana-based NFT marketplace Magic Eden has grown its market presence from 0.1% of total trading volumes to more than 10% since the beginning of 2022.
This came on the back of the integration of Solana blockchain leader OpenSea in April.
As a reminder, Ledger introduced an NFT marketplace for corporations.