Non-fungible token trading volumes and sales may have fallen in October. However, according to DappRadar’s findings, an increase of 18% in monthly unique NFT traders demonstrates that the market is still in “high demand.”that there were 1.11 million monthly unique NFT traders in October, up 18% from the roughly 950,000 traders there were in September.
The survey also noted Yuga Labs’ continued dominance in the NFT industry, with CryptoPunks and Bored Ape Yacht Club accounting for seven of the top-10 sales for the month. The analysis also showed that despite a 76% decline in NFT trading volume on Ethereum from Q2, there were 11% more NFT trades overall. Despite a 96% hike from the previous month, Solana’s NFT trading volume was still down 63% from Q2.