NFT trading volume nears $1B as markets turn bullish: Report

As crypto markets turn bullish, nonfungible token (NFT) trading has started to join the wave, with a volume nearing $1 billion in November, according to data published by the decentralized app tracking platform DappRadar. 

The report highlighted that the NFT industry maintained an upward momentum for the second month in a row. Trading volume surged by 125% in November, suggesting a shift in user behavior compared to earlier downturns in NFT trading.

NFT trading volume and sales count data. Source: DappRadar

On Nov. 6, analytics firm Nansen reported that NFT sales volumes showed continued weekly increases in October. NFT sales consistently went up, from $56 million in the week ending on…

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