The four-largest NFT DApps are driving $10m in daily volume

The four-largest NFT DApps are driving $10m in daily volume

According to DappRadar, the top four decentralized NFT apps now drive $10 million in volume each day. The excitement surrounding NFTs is showing no signs of slowing down, with the top four decentralized NFT apps driving more than $10 million in daily volume. According to decentralized application data aggregator DappRadar, NBA Top Shot, CryptoPunks, Mooncats, and Sorare represented more than $10.57 million worth of secondary NFT sales over the past 24 hours.However, overall NFT DApp volumes are dominated by the top four, with the combined daily volume of the 10-largest DApps equating to....


Related News

Bitcoin to Overtake Established Financial Companies in Volume

In 2013, the Bitcoin overtook the (former) world's largest remittance network Western Union's value of daily transactions, recording an average daily transaction volume of US$257 million. According to Coinometrics, institutional-level Bitcoin data and research firm, bitcoin was the 7th largest financial network in the world, just behind Paypal and Discover Network. Coinometrics provided Yahoo with this chart: Two years ago, the average number of daily Bitcoin transactions was 80,000 per day, falling behind Western Union and PayPal which processed over 1 million transactions and payments....

Ethereum Overtakes Litecoin in Market Cap after Continued Upward Trend

On January 23, Ethereum overtook Litecoin for the first time to become the third-largest digital currency when looking at total coin market cap. This is after a two-week period where the Ethereum market cap has grown by more than 80 percent. The price of Ethereum is on an equally steep upward trend, growing more than 300 percent since the beginning of January; 24-hour volume has grown from around $300,000 to upwards of $10 million. This is in comparison to the average daily Litecoin trading volume of $1 million and is up to a quarter of the daily trading volume of Bitcoin, which is $39.5....

Cardano Turning Down Dapps Due to Sheer Volume of Applications

Replying to remarks over the lack of dapps running on Cardano, IOHK CEO Charles Hoskinson responded by saying demand is so high his firm cannot handle the applications flooding in. In many cases, as a strategy to cope with the demand, applications are being rejected. Some Thoughts on DApps https://t.co/0rHRxdblPP — Charles Hoskinson (@IOHK_Charles) March […]

War Driven Bitcoin Price Action Leads To Largest Volume Since 2021

On-chain data shows the Bitcoin market observed its largest daily trading volume since 2021 last week following the start of the Russian invasion of Ukraine. Bitcoin Trading Volume Surges To Highest Values For 2022 As per the latest weekly report from Arcane Research, the BTC market activity saw a revival due to the Russia-Ukraine war. […]

OpenSea monthly volumes top $5B as NFTs continue to mainstream

Blue-chip NFTs are rallying week-after-week, closing out a strong start to 2022, but what is driving these collections to pump? In the last two weeks, Azuki, Bored Ape Yacht Club, CloneX and Mutant Ape Yacht Club have seen significant increases in floor prices and total sales volume. Over the last seven days alone, all four projects have generated an estimated $365.9 million in value, according to data from OpenSea. While the crypto market is steadily recovering from its lengthy bloodbath, nonfungible token (NFT) marketplaces like LooksRare and OpenSea have consistently generated about....