Solana and Moonbirds help NFT market reach $6.5B monthly trading volume: Report
Moonbirds contributed half a billion in trading volume, while Solana registered a 91% surge in NFT trading volume month over month. Solana (SOL) and Moonbirds came to the rescue of the bearish nonfungible token market after a six-week cooldown phase. According to the monthly DappRadar report, the NFT market recorded a multi-month trading volume high of $6.5 billion, surging by 23% from March, breaching the $6 billion mark only for the third time in its history. Source: DappRadarMoonbirds contributed half a billion worth of trading volume while Solana blockchain recorded nearly $300 million....
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NFT trading volume has been on a robust momentum since April and the pace is just right for May with Solana and Moonbirds NFTs such as Okay Bears triggering the increase in NFT sales volume since April. According to DappRadar, there is a monumental 45% climb in organic trading volume of NFTs in April in comparison to the previous months. Solana NFT trading has skyrocketed in April, as Moonbirds also proved to boost Ethereum trading. Suggested Reading | Bitcoin Seen Dropping To $32K – But Not This Month – As Analyst Sees It Hitting $48K NFT Trading Volume Climbing There has been a....
There’s no question that blue-chip NFT collections such as BAYC have declined in value recently, but the market for digital collectibles is much bigger. The market for nonfungible tokens, or NFTs, has slowed from its peak, but that doesn’t mean the industry is dead — far from it, actually. NFT sales volumes came in at a healthy $3.7 billion in May, according to DappRadar’s latest Industry Report, which was released on Wednesday. While volumes were down 20% compared with April, industry activity remains robust considering that crypto assets as a whole are in a bear market. DappRadar also....
A DappRadar report found that despite a fall in NFT trading volumes and sales counts throughout October, monthly unique traders increased. October may have seen a decline in nonfungible token (NFT) trading volume and sales, but analytics firm DappRadar says an 18% growth in monthly unique NFT traders shows the market is still in “great demand.”According to a Nov. 3 report from DappRadar, the number of monthly unique NFT traders in October reached 1.11 million, increasing 18% from September, of approximately 950,000. This is despite trading volumes falling 30% to $662 million in October,....
During the last few weeks, non-fungible token (NFT) sales have remained flat and data from the past seven days have shown NFT sales are down 8.11% lower than the week prior. Despite the downturn, a few NFT collections saw significant percentage increases in terms of sales as the collections like Electricsheep, Moonbirds, and Moonbirds Oddities have spiked between 90% to more than 16,000%.
NFT Sales Down 8% as Ethereum-Based NFTs Command 83% of This Week’s $159 Million in Sales Volume
Data from the last seven days indicates that $159.24 million in NFT sales have been....
A non-fungible token (NFT) collection called Moonbirds has been a topical conversation within the NFT community as the compilation’s sales have been enormous. The Moonbirds NFT project started selling five days ago on April 16, and since then statistics show the collection has seen $364.83 million in sales. Moonbirds NFT Collection Takes the Top Spot This Week This week a new NFT collection called Moonbirds has surpassed the likes of Bored Ape Yacht Club (BAYC), Mutant Ape Yacht Club (MAYC), and Cryptopunks sales. Traders only started swapping the 10,000 Moonbirds NFTs five days ago....