Categories: MarketsMenafn

NFT Profits rise 40%, but Volume Dips by 36%

The non-fungible token (NFT) profits on sales increased to $12,214,588 in the last 30 days. 

According to CryptoSlam, while the profits from NFT sales are rising, the volume has declined. Over the past 30 days, the volume has decreased by 36.36%, totaling $1.151 billion.

 

NFT profit and volume change. Source: CryptoSlam

Meanwhile, the so-called wash trading volume fell 7.44% over the month. This term usually refers to the actions of sellers who make many transactions with NFT to increase their value. 

Washing NFT collections

It is worth noting that wash trading transactions surged significantly by 37.54% during the week, contributing to a total growth of 44.77%, as indicated by CryptoSlam data. This suggests that the main trading activity comprises transactions initiated by sellers rather than buyers.

Some NFT collections show atypical growth in trading volume for the week.

For example, in the 9th position, $CATS BRC-20 NFTs exhibit atypical growth, with sales soaring by 4060.97%. Moreover, its transactions increased by 300.00%, and buyers showed a remarkable 254% uptick over the past 7 days.

An interesting point is that the number of buyers and sellers stands at 39 each.

In 17th place by volume is the unised_1 collection. The sales of these NFTs increased by 537676.81%, and the transactions by 365500.00%. The number of buyers increased by 149250.00%. This all seems promising, but the numbers evidently won’t be sustainable.

 

Ranking of NFT collections by volume over the last 7 days. Source: CryptoSlam

Non-Wash or Wash? NFT Trading Raises Questions

Dune data shows that the X2Y2 marketplace leads in wash trading, accounting for 56.45% of transactions, indicating that over half involve speculation between sellers. In second position is the Blur platform, with 25% wash trading.

It’s worth noting that Blur is the largest marketplace in terms of volume.

Once a leader among NFT platforms, OpenSea demonstrates one of the best results with only 0.62% of wash volume.

NFT marketplaces and wash volume. Source: Dune

As the Dune data shows, marketplaces recorded the highest volume of NFT wash trading on Jan. 24, 2022. At that point, it rose to 74.1%, while non-wash accounted for 25.9%. 

On Jan. 15, 2024, wash trading volume stood at 13.6%. It’s too early to tell if the manipulation of transactions by sellers has returned or if the NFT market is genuinely recovering. However, the activity with some collections seems unusual for the current state of the market. 

The ratio of wash and non-wash trading volume on NFT marketplaces. Source: Dune
Jerry Rolon

After working for 7 years as a Internet Marketer, Jerry now aims to explore the journalistic side of Internet. With his impeccable knowledge in this domain, he churns out some of the best news articles from the internet niche. With respect to acedamics, Jerry earned a degree in business from California State University.

Recent Posts

LunarBet Opens $LUNR Token Presale to Disrupt Crypto iGaming with Real Token Utility

BVI, Tortola, 9th July 2025, ZEX PR WIRE, LunarBet has officially opened its $LUNR token…

2 days ago

Inside Tearline’s FlowAgent: A Modular AI Agent Bridging the Execution Trust Gap

British Virgin Islands, BVI, 7th July 2025, ZEX PR WIRE, Enterprise-level adoption of AI agents…

2 days ago

Created by Parents, Backed by Child Experts — Can Hey Bubba Finally Get Preschool TV Right?

Austin, Texas, 8th July 2025, In a sea of overstimulating preschool content, a new YouTube…

2 days ago

ROM: Golden Age Blasts Past 500,000 Pre-Registrations—Join the Buddy Boost Lottery for a Shot at Massive Crypto Prizes

Singapore, 8th July 2025, ZEX PR WIRE, Big news: ROM: GoldenAge—the hottest upcoming blockchain strategy…

3 days ago

Camp Network Acquires Strategic Stake in KOR Protocol to Accelerate Tokenized IP and AI-Native Content

This partnership brings new IP and creative assets onchain to power new forms of collaborative…

3 days ago

TR.ENERGY: Buy TRON Energy and Fee Savings on USDT Transfers in the TRX Network

Sharjah, UAE, 5th July 2025, ZEX PR WIRE, TR.ENERGY is a high-tech decentralized platform for efficient…

5 days ago