Yuga Labs only had three collections in the top 10 NFT collections by trading volumeon record, but the NFT market froze under the ongoing crypto winter, experiencing some of the lowest sales numbers of the year, according to a new report from DappRadar.
The top-line stats are bleak: NFT trading volume declined 29% and the number of sales dropped 23% from the month before, while the floor prices of top-tier collections like Bored Ape Yacht Club and Azuki sunk to two-year lows. Only Gods Unchained and CryptoPunks saw tiny increases in floor prices, but each grew less than 1%.
Comparing these numbers to those at the beginning of 2023 puts things into an even worse perspective: In January 2023, there were 7.36 million sales of NFTs, while July netted 3.7 million sales – a 49% drop. Similarly, January saw $1.1 billion in trading volume while July had just $600 million, marking the third straight month trading volume has stayed