Data: NFT trading volume in July reached 530 million USD

ChainCatcher news, DappRadar data shows that NFT trading volume surged by 96% in July, reaching $530 million. However, the total number of transactions decreased by 4%, with only 5 million NFTs changing hands that month.

This trend indicates a significant shift in buyer behavior, with the number of NFTs changing hands decreasing, but prices rising sharply. Meanwhile, the average price of NFTs more than doubled, increasing from $52 in June to $105 in July.