With a steady decline in sales since the end of Q1, the monthly sales volume of Ethereum and Polygon-minted NFTs on OpenSea fell to their lowest in September.During the general bull market in the year’s first quarter, the monthly sales of Ethereum-minted NFTs on the marketplace reached an impressive peak of $659.02 million in February.
At the end of September, the sales volume for Ethereum NFTs on OpenSea totaled $74 million. This represented a 98% fall from its February peak and a 30% decline month-over-month .Similarly, following a record-breaking NFT sales volume of $109.12 million in February, Polygon-based NFTs on OpenSea have received decreased patronage from OpenSea’s users.
Regarding the count of Ethereum-minted NFTs sold on OpenSea in September, this totaled 248,089. This was a 1% uptick from the 244,907 Ethereum-based NFTs sold on the marketplace in August. As for Polygon-based collectibles, the sales count fell to a YTD low in September. During the 30-day period, 169,072 Polygon NFTs were sold on OpenSea.OpenSea trailed behind it with a trading volume of $59 million, registering a 22% decline in the last month. Moreover,
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