NFT trading volume nears $1B as markets turn bullish: Report
The typical worth of NFT transactions climbed from $126 to $270, displaying a rise of 114% in November.
As crypto markets flip bullish, nonfungible token (NFT) buying and selling has began to hitch the wave, with a quantity nearing $1 billion in November, based on information printed by the decentralized app monitoring platform DappRadar.
The report highlighted that the NFT trade maintained an upward momentum for the second month in a row. Buying and selling quantity surged by 125% in November, suggesting a shift in person habits in comparison with earlier downturns in NFT buying and selling.
On Nov. 6, analytics agency Nansen reported that NFT gross sales volumes confirmed continued weekly will increase in October. NFT gross sales persistently went up, from $56 million within the week ending on Oct. 9 to $129 million within the week ending on Nov. 5.
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