NFT Google Search Queries Sinks and monthly NFT Sales Have Dropped Over 65% Lower Than the previous Month 

NFT sales are down a great deal, as 30-day statistics reveal that NFT sales recorded earlier this month saw just over $4.6 billion settled but as of today, sales are significantly down i.e. from 65.43% to $1.59 billion. Also, Google Trends data hints that interest in NFTs has dropped to the lowest point since the first week of October 2021 last year.

NFT Sales Slide More Than 65% Lower Than the Month Earlier


Over the course of two years, NFTs have become a very prevalent and a billion-dollar industry in a relatively short period of time. Regardless, in recent times NFT interest and sales have been lacerated significantly, and monthly NFT sales metrics exhibit an incremental decline during the past few months.

For instance, 30-day NFT sales statistics from the analytics web portal inform that NFT sales have dropped 65.43% since last month. The month prior, $4.6 billion in NFT sales were recorded across 17 separate blockchains, but over the last 30 days, only $1.59 billion in NFT sales were recompensed.

NFT sales originating from the Ethereum blockchain were the most prevalent, capturing $1.31 billion out of the $1.59 billion paid. Yet, ETH-based NFT sales are down 67.99% among 250,925 buyers and 1,047,363 transactions.

Numerous other blockchains have noticed huge NFT sales declines over the last 30 days, as Polygon NFT sales dipped 70.86%, Ronin’s NFT sales dropped by a whopping 70.26%, Wax blockchain sales saw a decline of around 43.89%, and Avalanche’s non-fungible token sales are down 91.43%.

Palm-based NFT sales are low at 60.59%, Cronos has lost 76.09% and Arbitrum NFTs sales have skated 66.74% since the previous month. The top NFT collection last month in the context of overall sales volume was Otherdeed’s $143,562,582 in sales, but that metric is down 82.25%. This is significantly lower than the month prior.

Bored Ape Yacht Club (BAYC) was the second largest collection in terms of Non-Fungible Token sales with $119 million recorded. But BAYC’s overall NFTs sales have declined 62.44% more down than the month before. Out of the top five, the Azuki and Goblintown NFT collections were the solely projects that witnessed 30-day gains.

Goblintown sales were not documented the month prior and Azuki sales mounted 31.56% higher. Mutant Ape Yacht Club was also a top-five contender though the $74.5 million in sales are down 76.77% more downward than the month before.

Also Read, Top 10 NFT Sales of all time

Otherdeed, Bored Apes Feature in Last Month’s Most Costly NFT Sales: Google Trends Data Shows NFT Interest at Lowest Point Since October 2021

Google Trends (GT) data worldwide demonstrates that this week the search term “NFT” has slid to its descending point since the first week of October 2021. Weekly statistics for the week of May 29 to June 4 show the search term “NFT” has fallen down to a score of 23 out of 100. The last time NFT interest was this down, as per Google Trend query metrics, was during the week of October 3 – October 9. The search term “NFT” dabbed a high score of 100 during the week of January 16 through January 22, 2022, though the search interest has been lowering ever since that day.

Check out, Best Upcoming NFT Collection in 2022

Out of the top five most expensive sales during the past 30 days, three of the sales derived from the Otherdeed collection. The sales contain Otherdeed #17,164 which was dealt for 601 ether or $1.14 million, Otherdeed #66,813 which traded for 303 ether ($776K), and Otherdeed #55,197 which sold for 214 ether or $563K.

Additional NFTs retained in the most expensive NFT sales during the last month include Ken Hicks (Token ID: 6,908) sold for 332.52 ether or $849K and Bored Ape #1,725 which traded for 250 ether or $584K. Out of the top-20 numerous expensive NFTs sold in the past 30 days, other collections possess Clonex and Ken Hicks, but 18 of the 20 most expensive NFTs sold come from the Otherdeed and BAYC NFT collections.

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NFTHI does not recommend any kind of Investment in NFTs or NFT trading. All the strategies are merely educational references.

Conduct thorough research before you start with NFT trading.

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