NFTs Back? Market Breaks Weekly Trading Volume Record
The NFT market has made a comeback and broken its weekly trading volume record. The new all-time-high is around $208 million. NFT Weekly Trading Volume Reaches New ATH Over the last week, the NFT market has climbed to new heights as markets register record breaking transfers. The weekend especially saw big movements of these digital […]
Related News
CryptoPunks dominated the chatter around NFTs this week. However, a lot of action continued to make waves across the NFT landscape in the past seven days; OpenSea hit a new trading volume record, NBA Top Shot released some platform upgrades and integrations, and premium brands like Burberry and Porsche are getting involved. Let’s take a […]
During the same period, the number of wallets owning NFTs has increased by about 2.8 million. According to data compiled from Dune Analytics, the weekly trading volume of nonfungible tokens, or NFTs, across the blockchain realm has plunged to $114.4 million.This represents a decrease of 98% from the $6.2 billion witnessed around the end of January. Weekly NFT trading volume rose to an all-time high of $146.3 billion in early April before falling off a sharp cliff in May with the start of an ongoing crypto bear market. At the same time, however, the number of wallets owning at least one NFT....
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....
Data shows the Bitcoin spot trading volume has surged up recently and is now approaching one-year highs as volatility in the market continues. Bitcoin Weekly Trading Volume Jumps Up To Almost $8 Billion According to the latest weekly report from Arcane Research, the spot volume has continued to go up since the crash. The “trading […]
The Bitcoin trading volume observed a surge earlier as the price of the crypto crashed below $40k. However, the metric has now once again come back down as the coin has become calmer. Bitcoin Trading Volume Sharply Declines Following A Brief Uplift As per the latest weekly report from Arcane Research, the BTC trading volume […]