Azuki, like all other digital collectibles, saw a significant plunge in sales volume due to the bearish trend of the crypto and NFT markets in the first half of the year.
Azuki climbed above Moonbirds, CloneX, and VeeFriends in the ranking of the biggest NFTs by sales volume of all time. The digital collectibles totaled a sales volume of approximately $781.05 million. According to be[In]Crypto research, Azuki achieved a sales volume of approximately $12.06 million in June.
Although this figure may seem low due to Azuki’s previous monthly sales, June’s volume was higher than the most successful NFT project, Axie Infinity, NBA Top Shots, Meebits, Bored Ape Kernel Club (BAKC) and the Sandbox.
However, this statistic was lower than the Bored Ape Yacht Club (BAYC), Mutant Ape Yacht Club (MAYC), and Otherside. With that said, the latest monthly value was a 91% dip from May’s volume of $147.97 million.
New to Azuki?
Launched on January 12, 2022, Azuki includes a collection of 10,000 avatars that grant members exclusive access to a corner of the internet where Web3 enthusiasts, builders, and artists (collectively referred to as The Garden) bond to create a decentralized future. .
Becoming an Azuki holder grants you access to exclusive experiences, airdrops, and more.
Why the drop in sales?
When you look at the drop in the number of unique buyers from June, the drop in sales caused the number of transactions to drop, with 563 unique buyers and 837 transactions.
In comparison to the NFTs’ opening month in Jan. 2022, there were 9,123 unique buyers and 18,012 transactions. Azuki sales were around $219.08 million during the first month of the year.
After registering less than $100 million for the first time, Azuki hit a yearly low where it lost $207 million in January sales.
