The overall performance of the NFT market across the web in July was lackluster, with a decrease in trading activity. According to CryptoSlam data, the total volume of NFT transactions for the entire month was $393 million, marking a significant reduction in daily trading volume to under $14 million compared to the previous month. This indicates that sales activities within the NFT market continue at a low level, further confirming the recent weak performance. Notably, this figure also extends the downturn from June, when the total sales volume of NFTs across the web was only $450 million. When compared to historical data, the lowest point occurred in October 2023, when the total sales volume of NFTs across the web was $309 million. Overall, the volume of transactions in the NFT market has shown a downward trend in recent months, reflecting a weakening interest and investment confidence among investors in NFTs.