Based on the most recent figures, non-fungible tokens (NFTs) generated approximately $474 million in sales throughout May, marking a 21.25% decline compared to April’s total. NFT Market Declines in May NFT sales maintained their downward trajectory in May, with monthly figures falling short by $127.9 million compared to the prior month. Although the number of […] Original
Polygon-based non-fungible tokens (NFTs) have surpassed the $2 billion milestone in all-time sales volume, marking a significant achievement for digital collectibles on the network. The milestone comes amid consistent growth in monthly sales over the last several months, highlighting interest and adoption within Polygon’s NFT ecosystem. CryptoSlam data shows that since November 2024, monthly sales in Polygon have been on an upward trend. The sales volume started from $16.3 million in November 2024 and increased each month, reaching nearly $20 million in December, $25 million in January 2025 and $37…
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Real-world assets linking up with non-fungible tokens (NFTs) is one of a few key catalysts that could reignite the waning NFT lending sector, which is suffering from a collapse in volumes and user activity, says blockchain analytics platform DappRadar. Volumes in the NFT lending market, which allows NFT holders to take out a loan against their token, have dropped 97% from a peak of around $1 billion in January 2024 to $50 million in May, DappRadar analyst Sara Gherghelas said in a May 27 report. Gherghelas said for NFT lending…
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Despite the overall crypto market reaching new heights, the NFT market has experienced a slight drop with sales volume dropping by 0.05% to $129.8 million. Bitcoin (BTC) has surged to the $108,000 level after hitting $111,000, a new ATH. At the same time, Ethereum (ETH) has shown a mild recovery to the $2,700 level in the last seven days and has now dropped to the $2,500 level. The global crypto market cap is now $3.42 trillion, up from last week’s $3.29 trillion. According to data from CryptoSlam, market participation has…
Web3 developer platform Alchemy has acquired HeyMint, a California-based non-fungible token (NFT) launchpad, in a move designed to enhance the company’s smart wallet infrastructure. The undisclosed funding deal will see HeyMint’s infrastructure embedded within Alchemy as it seeks to simplify user onboarding for Web3 applications, the company disclosed on May 23. HeyMint’s co-founder and chief technology officer, Flor Ronsmans De Vry, joins Alchemy as part of the deal. While not a household name in crypto, HeyMint attracted more than 1 million users over its first two years of operations. It…