Despite the overall DApps active wallets declining last quarter, NFT sales have continued to rise significantly.
Innovation in NFTs has kicked in with a growing number of marketplaces out to compete.
The crypto market has been through major turmoil over the last eight months. In Q2 2022, the market correction was exacerbated by the collapse of the Terra ecosystem and major liquidity issues faced by CeFi lenders and crypto hedge funds.
But despite all the turmoil, DappRadar’s latest report shows that the NFT space and blockchain gaming (GameFi) has shown better performance and resilience to the bear’s onslaught. DappRadar report notes that non-fungible tokens (NFTs) have weathered the storm relatively well.
Although there’s a slowdown quarter-over-quarter, the year-over-year trend remains bullish for NFTs. “Overall trading volume and sales count are up by 533 percent and 59 percent, respectively, from Q2 of 2021,” the report mentions.
During Q2 2022, the Ethereum NFT trading volumes...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...