The decline in monthly NFT market volume that started in the spring continued in August. According to The Block, NFT market volume declined to USD 369.53 million in August, compared to USD 675.43 million in July.
NFT marketplace OpenSea remains the market leader with a monthly volume of USD 303.47 million as of August 24. Solana-based Magic Eden, on the other hand, achieved monthly volumes of approximately USD 36.17 million during the same period.
