OpenSeas daily sales volume dipped below 1 million

Major NFT marketplace OpenSea is facing a steep drop in daily sales, which recently dropped below $1 million. The drop comes as the broader NFT marketplace is falling in a spiral and prices for popular NFT projects are falling sharply. According to NFT data provider DappRadar, OpenSea’s daily trading volume has dropped to about $837,000. By comparison, at its peak in early May 2021, the market recorded more than $405.7 million in sales.