Traders in the NFT market increased by 18%

Traders in the NFT market increased by 18%

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by dapp_writer005

4 years ago

The NFT market is becoming more and more popular, regardless of the position of BTC and other crypto assets. This motivated crypto exchanges to create their own trading platforms for transactions with tokenized series. DappRadar reported that NFT traders increased by 18% in a month. In October, 1.11 million were there.

However, in terms of scale, these transactions are still small due to the weak activity in the crypto space. According to experts, even though the level of NFT sales decreased over the past month, the number of traders has increased by 18% and amounts to 1.11 million. This positive trend of increasing the number of traders suggests that new people and series are being introduced into the NFT sphere are still relevant. A well-known and advanced project in this area has long been Yuga Labs. In October, it had the best performance.

The top 10 also includes CryptoPunks, Bored Ape Yacht Club, Meebits, Mutant Ape Yacht Club, Kennel Club Yacht Club and Otherside.

DappRadar pointed out that the activity of NFT users is greatly affected by volatility on stock exchanges and increased monetary policy in the USA and other countries. This area is gradually returning to normal, but it is still dependent on the digital asset market.

Earlier it became known that Kraken is launching a marketplace for NFTs.

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