bitcoin
Bitcoin (BTC) $ 23,244.23
ethereum
Ethereum (ETH) $ 1,610.10
tether
Tether (USDT) $ 1.00
usd-coin
USD Coin (USDC) $ 0.999772
bnb
BNB (BNB) $ 308.70
xrp
XRP (XRP) $ 0.413465
binance-usd
Binance USD (BUSD) $ 0.999860
cardano
Cardano (ADA) $ 0.383421
dogecoin
Dogecoin (DOGE) $ 0.087229
matic-network
Polygon (MATIC) $ 1.17
solana
Solana (SOL) $ 24.45
okb
OKB (OKB) $ 36.38
staked-ether
Lido Staked Ether (STETH) $ 1,605.15
polkadot
Polkadot (DOT) $ 6.51
shiba-inu
Shiba Inu (SHIB) $ 0.000012
litecoin
Litecoin (LTC) $ 88.61
avalanche-2
Avalanche (AVAX) $ 18.77
tron
TRON (TRX) $ 0.064212
uniswap
Uniswap (UNI) $ 6.82
dai
Dai (DAI) $ 1.00
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 23,159.21
cosmos
Cosmos Hub (ATOM) $ 13.33
the-open-network
Toncoin (TON) $ 2.48
chainlink
Chainlink (LINK) $ 7.40
leo-token
LEO Token (LEO) $ 3.83
monero
Monero (XMR) $ 179.86
ethereum-classic
Ethereum Classic (ETC) $ 22.06
aptos
Aptos (APT) $ 18.22
bitcoin-cash
Bitcoin Cash (BCH) $ 135.64
stellar
Stellar (XLM) $ 0.093082
apecoin
ApeCoin (APE) $ 6.30
quant-network
Quant (QNT) $ 153.37
near
NEAR Protocol (NEAR) $ 2.53
crypto-com-chain
Cronos (CRO) $ 0.081866
filecoin
Filecoin (FIL) $ 5.40
lido-dao
Lido DAO (LDO) $ 2.37
algorand
Algorand (ALGO) $ 0.256389
vechain
VeChain (VET) $ 0.024860
hedera-hashgraph
Hedera (HBAR) $ 0.070277
internet-computer
Internet Computer (ICP) $ 6.14
axie-infinity
Axie Infinity (AXS) $ 11.55
decentraland
Decentraland (MANA) $ 0.688293
aave
Aave (AAVE) $ 87.14
eos
EOS (EOS) $ 1.12
fantom
Fantom (FTM) $ 0.477675
the-sandbox
The Sandbox (SAND) $ 0.752516
flow
Flow (FLOW) $ 1.09
theta-token
Theta Network (THETA) $ 1.12
elrond-erd-2
MultiversX (EGLD) $ 44.99
terra-luna
Terra Luna Classic (LUNC) $ 0.000173

NFTs Sold Topped 67% YoY Growth in 2022

0

The price of Ethereum, BNB Coin, Solana, and other DeFi altcoins kept running this week. New data in a report out from DappRadar reveals there were more NFTs sold in 2022 than the year before.

DappRadar: NFTs Sales in 2022 Soared

In more good news for cryptocurrency’s DeFi platforms, NFTs sold last year topped sales numbers from the year before. A new report from on-chain analytics firm, DappRadar, reveals the extent that NFTs are reshaping digital ownership in the 2020s.

101 million nonfungible tokens were sold in 2022. That was a staggering 67% increase over the number of NFTs sold in 2021.

These figures are extremely revealing of the popularity and staying power of NFTs. Just like Bitcoin and smart contract blockchains before them, NFTs’ critics in 2021 said the blockchain product was a passing fad. They said most of these non-fungible tokens would eventually be worthless.

Furthermore, they said that the blockchain sector would eventually stop minting new NFTs, and the supply would collapse. Even with the crypto winter, production and units sold by the entire sector ramped up. They warned that NFTs’ sales volumes were flatlining.

Revenues Declined

So it’s important to correct the perception of flatlining non-fungible token sales for the record. Because NFTs did have some down months in 2022, but overall, blockchainers minted and sold more new NFTs in 2022 than any year before it. Moreover, the growth in non-fungible token sales year-over-year was absolutely massive in 2022.

Revenue from NFT sales did decline in 2022, but not by much. Last year’s exchange in non-fungibles saw $24 billion in trading volume. The year before, NFTs changed hands for $25 billion in sales revenue.

So the market barely missed hitting the same sales revenue volume as the year before in the depths of crypto winter.

The highest volume trading day for NFTs in history was in 2022. It happened on May 1, 2022, before crypto winter had gotten really bad but when prices had all been slipping for months.

SPECIAL OFFER (Sponsored)
Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).

PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to receive up to $7,000 on your deposits.

Source link

Leave A Reply

Your email address will not be published.

Shares