NFT Trading Volume Increases Despite Falling Cryptocurrency Prices

NFT trading volumes rose sharply in the past week, despite the fact that prices on the crypto market have plummeted. According to the DappRadar report, NFT trading volumes were more than $5 mln per day, and this figure was even higher before the cryptocurrency crash.

The collapse of the crypto market as a whole did not affect the mood around the NFT in any way. The DappRadar report says that traders have moved an average of 85,787 NFTs since the crash. This is a 277% increase from 21,815 daily NFT sales in January.

At the time of the crash of the crypto market, the average indicator of NFT tokens moving daily between wallets increased to 93 809. This is an important indicator that indicates the resistance of the NFT market to the fall in cryptocurrency prices.

Image: Market Realist