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
Prediction Market Shows 75% Chance of New Country Buying Bitcoin This Year
Frax community approves frxUSD stablecoin backed by BlackRock's BUIDL
According to RWA.xyz, BlackRock's USD Institutional Digital Liquidity Fund has over $648 million in assets under management. The Frax community has voted to pass FIP-418 to use BlackRock's USD Institutional Digital Liquidity Fund (BUIDL) as backing collateral for the Frax-USD (frxUSD) stablecoin. A
Trending news
MoreCrypto prices
More
