Ethereum NFT market faces slump: Any impact on ETH?
What was the percentage decrease in total sales of Ethereum NFTs over the past month?
The total sales of Ethereum NFTs decreased by 55% over the past month. This decline affected popular Ethereum NFT collections such as BAYC (Bored Ape Yacht Club), MAYC (Mutant Ape Yacht Club), and Crypto Punks, which witnessed more than a 40% drop in sales and floor prices.
Which popular Ethereum NFT collections experienced a significant decline in sales and floor prices?
What trends were observed in the daily active addresses and gas usage on the Ethereum network recently?
Over the past month, the total sales of Ethereum NFTs fell by 55%. Popular Ethereum NFT collections such as BAYC (Bored Ape Yacht Club), MAYC (Mutant Ape Yacht Club) and Crypto Punks witnessed a significant decline of more than 40% in terms of sales and floor prices. Moreover, the daily active addresses on the Ethereum network also fell significantly over the last few days along with the gas usage on the network, implying declining overall activity on the Ethereum ecosystem.