The interest in NFTs has dropped to new high lows in May 2022. According to Google Trends, interest in NFT-related topics by the global population has sunk. Back in January 2022, the major NFT marketplaces’ monthly volumes reached an all-time high of $16.54 billion. While in the last week of May, the total monthly volume was approximately $4 billion, equating to a 75% decline from January’s volume.