NFT Trading Volume Jumps by $99 Million in October
Crypto data firm DappRadar has reported that the NFT trading volume increased by $99 million in October compared to the previous month, despite the mass layoffs at OpenSea. The report highlighted that NFT trading volume increased by 32% from $306 million in September to $405 million in October, which is the highest level of sales since August. The rise in NFT trading volume came as the price of Bitcoin bounced above $35,000, touching its highest price in 16 months. However, the overall number of NFTs sold in October decreased by 5% compared to September.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Friday charts: The Marvin Minsky moment is here
Have markets been obsessing over the wrong Minsky?
Charles Hoskinson Reveals Exciting Plans for Lace Wallet’s XRP Functionality
In Brief Charles Hoskinson announces XRP functionality for Lace wallet. Integration aims to enhance multi-chain support and user experience. Upcoming NIGHT token distribution includes XRP holders.
Meme project BONK launches Meme coin issuance platform Letsbonk.Fun
Trending news
MoreCrypto prices
More
