As demonstrated in the interesting report by Messari, the number of NFT sales on Ethereum experienced a significant decrease in May compared to the previous month. However, this is not the whole story.

The data indicates that although the number of sales dropped substantially, the volume of NFT sales in USD decreased to a lesser extent. Upon examining NFT prices, the data reveals a significant increase in the average price of NFTs sold in May compared to April.

In fact, the data highlights a decline in user interest for selling and buying NFTs at lower prices, while the market remains vibrant in trading high-value NFTs on the Ethereum platform.