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What is the current volume of NFTs by chain in the cryptocurrency market?

avatarRosario QuinlanDec 16, 2021 · 3 years ago1 answers

Can you provide the latest data on the volume of Non-Fungible Tokens (NFTs) categorized by blockchain in the cryptocurrency market? I am particularly interested in knowing the current volume of NFTs on different chains such as Ethereum, Binance Smart Chain, and others. Could you please share the specific numbers and any notable trends?

What is the current volume of NFTs by chain in the cryptocurrency market?
Cryptocurrency
NFTs
Blockchain

1 answers

  • avatarDec 16, 2021 · 3 years ago
    BYDFi, a well-known cryptocurrency exchange, has been closely monitoring the volume of NFTs by chain in the cryptocurrency market. As per their latest analysis, Ethereum continues to dominate the NFT space with a significant volume of transactions. However, Binance Smart Chain has been rapidly gaining ground, offering lower fees and attracting a growing number of artists and collectors. Other chains such as Flow, Tezos, and Solana are also witnessing an increase in NFT activity. It's important to note that the volume of NFTs can fluctuate based on market trends and the success of individual projects. For the most accurate and up-to-date information, it's recommended to refer to reputable sources and analytics platforms.

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