NFT sales fell to $91.96 million, a new low since mid-June

NFT sales fell to $91.96 million in the first week of September, the lowest since mid-June, according to Cointelegraph. Previously, weekly sales in July and August never fell below $115 million. From July 21 to 27, weekly sales of digital collectibles reached $170 million, the third highest this year. Last week's downturn brought sales back to June 16-22 levels, when sales were $90 million. From September 1 to 7, the number of NFT independent buyers was 199,821, a 58% decrease from mid-June. The number of independent sellers also fell 43% to 145,877. Despite the decline in trading volume, the total number of transactions remained at 1.27 million, showing continued trading activity. The average sales price in August was $104 and fell to $72 in early September. DappRadar analyst Sara Gherghelas said strong performance in July and August was attributed to increased adoption of NFTs.