The leading NFT platform records a natural decline in sales volume after surpassing $4B in August; an industry-record.

Following a colossal surge of $4B sales volume throughout the month of August for the leading nonfungible token, or NFT, marketplace OpenSea, recent figures indicate a metaphoric return to earth after propulsion to the mighty heights of the moon.

NFT marketplaces have largely paralleled the cryptoprimacy.com/news/nft-sales-and-floor-prices-plummet-as-demand-wanes-and-gas-prices-soar” data-amp=”https://cointelegraph-com.cdn.ampproject.org/c/s/cryptoprimacy.com/news/nft-sales-and-floor-prices-plummet-as-demand-wanes-and-gas-prices-soar/amp”>cryptoprimacy.com/news/nft-sales-and-floor-prices-plummet-as-demand-wanes-and-gas-prices-soar” data-amp=”https://cointelegraph-com.cdn.ampproject.org/c/s/cryptoprimacy.com/news/nft-sales-and-floor-prices-plummet-as-demand-wanes-and-gas-prices-soar/amp”>bearish momentum witnessed across the cryptocurrency markets across the last week, as platforms, collections and floor prices all suffer corrections.

Analytical data from DappRadar reveals that over the last seven-day period, the sales volume on OpenSea has fallen sharply by almost 50% to $792.23M from a pool of 156,811 traders, 10% less than registered across the previous week.

Despite this short-term correction, OpenSea still holds a dominant position over its closest competitors Axie Infinity and CryptoPunks, listed on the volume metric with $158.24M and $45.92M, respectively.

Conscious to not skew the narrative bearish, it also must be reported that by utilizing the same dataset and expanding the scope across a 30-day period, it can be fairly assessed that OpenSea shows no signs of long-term decline with a positive volume figure of 336.94%.

cryptoprimacy.com/news/101-bored-apes-nft-auction-at-sotheby-s-closes-at-more-than-24m” data-amp=”https://cointelegraph-com.cdn.ampproject.org/c/s/cryptoprimacy.com/news/101-bored-apes-nft-auction-at-sotheby-s-closes-at-more-than-24m/amp”>Related: 101 Bored Apes NFT auction at Sotheby’s closes at more than $24M

In a momentary mishap this week, a bug on the platform affecting ERC721 transfers to ENS names accidentally deleted a small number of users’ NFT assets worth $100K. It is understood that the incident was swiftly resolved and the funds returned.

Last week, the platform issued a guerrilla-style recruitment post, declaring that they will generously donate 1 Ethereum (ETH) token to any member of the public who refers a potential engineer or designer to the firm who becomes a successful candidate.

In the statement, head of product Nate Chastain pleaded: “We are 37 people handling 98% of all NFT volume” and that the company has a “pressing need for manpower.”