Nonfungible token (NFT) trading volume is approaching $1 billion, fueled by a bullish turn in crypto markets, with a surge of 125% in November.
DappRadar's data shows the NFT industry’s continued growth for two consecutive months, indicating a change in market dynamics compared to previous downturns.
The average transaction value of NFTs significantly increased by 114%, rising from $126 to $270 in November.
Blockchain gaming, a key sector in the decentralised ecosystem, attracted $2.3 billion in investments from the start of 2023 to October, despite a generally bearish mood in the crypto market.