Tuesday, 29 November 2022

NFT sales volume hits $10.7 billion in Q3 2021

5 min read

1 October 2021 – Sales volumes of non-fungible tokens (NFTs) surged to $10.7 billion in the third quarter of 2021, up more than eightfold from the previous quarter, and an increase of 38,060% y-o-y, according to data from market tracker DappRadar. NFTs use blockchain to record the ownership of digital items such as images, videos, collectibles and even land in virtual worlds. DappRadar reported that Ethereum and Ronin accounted for 77.73% and 19.53% respectively from the record numbers. August alone was a record-breaking month with over $5.2 billion in trading volume.

Re-disseminated from DappRadar

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