Are rising NFT trades signaling a market revival?

, like many assets in the current market, have recently experienced a significant decline in value. However, their situation appeared more dire to some, with a few experts suggesting that this downturn might mark the beginning of the end for this particular categorysurged to over 11.5 million on 23 October. While this might not appear as noteworthy news on its own, the trend in the trading volume provides essential context.

A closer examination of the daily trade chart revealed a distinct decrease in trading volume over the past few months, sparking concerns about the NFT industry’s viability.Nevertheless, this recent upswing in trading volume cast doubts on the notion of NFTs fading into obscurity, at least for now. Furthermore, the volume statistics also highlighted the enduring dominance of two major NFT marketplaces.trades, while OpenSea and its professional version collectively accounted for over 2.

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