The Block Pro: In July, NFT trading volume was only $159 million, a decrease of 50.8% compared to the previous month

According to ChainCatcher news, data disclosed by The Block Pro shows that in July, NFT trading volume was only $159 million, a decrease of $164 million from the previous month, representing a decline of 50.8%. The number of NFT traders in July also continued to decline, marking the fifth consecutive month of downward trend.

In addition, NFT royalty revenue hit an annual low of $1.2 million, a 58.7% decrease from the $3.1 million paid in June.