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  4. NFT Trading Volume Rises in a Backdrop of Market Slump
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NFT Trading Volume Rises in a Backdrop of Market Slump

NFT sales hit three months high on January 5.2022 NFT sales record similar numbers as 2021 high.OpenSea was the leading marketplace for NFT sales in December. As 2023 begins, NFT...
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NFT Trading Volume Rises in a Backdrop of Market Slump NFT Trading Volume Rises in a Backdrop of Market Slump

  • NFT sales hit three months high on January 5.

  • 2022 NFT sales record similar numbers as 2021 high.

  • OpenSea was the leading marketplace for NFT sales in December.

As 2023 begins, NFT trading volumes seem to be on the rise despite the continued market downturn. According to data from NFTGO, January 5 saw a record-breaking 32,000 ETH traded in a single day on the NFT market. This marks the first time in three months that this has occurred. Similarly, OpenSea’s ETH trade volume reached a two-month high on the same day.

Data from DappRadar shows that 2022 saw an increase in total NFT sales volume nearly on par with 2021’s high. In 2022, the NFT market organic trade volume across blockchain platforms and marketplaces was around $24.7 billion. That is slightly lower than the $25.1 billion recorded in 2021.

DappRadar revealed that the number of NFTs traded last year increased dramatically, even though total trading volume remained relatively stable. The analytics firm logged roughly 101 million NFT transactions during 2022, up from about 58.6 million in 2021. With crypto and NFT prices falling, more NFTs were exchanged at lower USD values.

With Terra’s LUNA and UST failing in May, the crypto market lost a lot of value throughout the year. The collapse of cry ...

The post NFT Trading Volume Rises in a Backdrop of Market Slump appeared first on Coin Edition.

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01-05-2024 10:45:17 (UTC+7)

EUR/USD

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Summary

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Moving Avg:

Buy (0)

Sell (12)

Indicators:

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Sell (3)

EUR/USD

1.0658

-0.0008 (-0.07%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

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Sell (3)

GBP/USD

1.2475

-0.0015 (-0.12%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

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Sell (10)

USD/JPY

157.91

+0.12 (+0.07%)

Summary

↑ Buy

Moving Avg:

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Indicators:

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AUD/USD

0.6469

-0.0003 (-0.05%)

Summary

Neutral

Moving Avg:

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Indicators:

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USD/CAD

1.3780

+0.0003 (+0.03%)

Summary

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Moving Avg:

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EUR/JPY

168.32

+0.10 (+0.06%)

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EUR/CHF

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Copper Futures

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85.62

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Natural Gas Futures

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DAX

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FTSE 100

8,144.13

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Hang Seng

17,763.03

+16.12 (+0.09%)

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US Small Cap 2000

1,973.05

-42.98 (-2.13%)

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IBEX 35

10,854.40

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BASF SE NA O.N.

49.155

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Bayer AG NA

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Adidas AG

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 EUR/USD1.0658↑ Sell
 GBP/USD1.2475↑ Sell
 USD/JPY157.91↑ Buy
 AUD/USD0.6469Neutral
 USD/CAD1.3780↑ Buy
 EUR/JPY168.32↑ Buy
 EUR/CHF0.9808Neutral
 Gold2,295.80↑ Sell
 Silver26.677↑ Sell
 Copper4.5305↑ Buy
 Crude Oil WTI81.14↑ Sell
 Brent Oil85.62↑ Sell
 Natural Gas1.946↑ Sell
 US Coffee C213.73↑ Sell
 Euro Stoxx 504,920.55↑ Sell
 S&P 5005,035.69↑ Sell
 DAX17,921.95↑ Sell
 FTSE 1008,144.13Sell
 Hang Seng17,763.03↑ Sell
 Small Cap 20001,973.05↑ Sell
 IBEX 3510,854.40Neutral
 BASF49.155↑ Sell
 Bayer27.35↑ Sell
 Allianz266.60↑ Sell
 Adidas226.40↑ Sell
 Lufthansa6.714Neutral
 Siemens AG175.90↑ Sell
 Deutsche Bank AG15.010Neutral
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