NFT market erupts with $2 billion trading volume in February: Report

  • 📰 CryptoAmb
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 68%

Business News News

Business Business Latest News,Business Business Headlines

The NFT market saw increased sales volume in February. OpenSea Polygon recorded an all-time high in monthly sales volume. The Non-Fungible Token [NFT] market continued to show vigorous growth and attracted a wider range of collectors. The ecosystem saw a substantial increase in trading volume in February, a new report from DappRadar revealed. According to […]

traded Polygon-based NFTs worth $109 million in February, causing the monthly sales volume to rally to an all-time high.Sales volume for Ethereum-based NFTs also jumped to the highest level since the year began. Per Dune Analytics, the monthly sales volume totaled $647 million, a 45% rally from the $446 million recorded in January.The jump in the sale of Polygon-minted NFTs on OpenSea was due partly to the rise in the number of traders.

Another point of disparity between Polygon-based NFTs and Ethereum-based NFTs on OpenSea in February was the count of NFTs sold. Data from Dune Analytics showed that OpenSea Polygon NFTs saw its monthly sales count increase by 15%. However, the number of Ethereum-based NFTs sold on OpenSea declined by 28% within the same window period.While Ethereum retained its 83.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 22. in BUSİNESS

Business Business Latest News, Business Business Headlines