The Block: NFT volumes will fall another whopping 45% month-on-month in August

According to BlockBeats, on Aug. 26, according to data provided by The Block, NFTS traded $369.53 million this month as of Aug. 24, compared with about $675.43 million in July, NFT volumes are expected to fall about 45 per cent month-on-month in August. OpenSea accounted for $303.47 million of NFT transactions as of Aug. 24, about 82% of the total, Magic Eden and LooksRare traded $36.17 million and $13.51 million, respectively. Month-on-month declines of about 59% and 56% respectively.